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October 8, 2018, 08:00
 Non-regulatory

OX2 and Prime Capital concludes wind power deal and takes over management of a wind farm in Finland

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OX2 has signed an agreement with Prime Capital for an operating wind farm of just over 23 MW in northern Finland. Prime Capital AG, a European asset manager focused on alternative investments, on behalf of one of its institutional clients, will take over ownership of the wind farm as of today. OX2 will perform a technical upgrade of the wind farm, as well as be responsible for technical and commercial management.

The wind farm is located between Posio and Kuusamo in northern Finland and consists of seven Vestas V126 turbines, producing approximately 80 GWh per year. It was built in 2016 within the framework of the Finnish funding system for wind power and is characterised by its good wind resources. The farm has a capacity factor of close to 40 percent. 

“We are very happy to be part of this transaction. The wind farm has been performing well for the last two years and we now see further potential in improving its output by doing technical upgrades”, says Paul Stormoen, Managing Director at OX2 Wind.

“We are very pleased to conclude our first agreement with Prime Capital and are looking forward to a long-term collaboration in which we can continuously optimize the production with our analytics tool kit,” says Lars Bryngelsson, Managing Director at OX2 TCM.

At the moment, OX2 constructs more than 800 MW and manage totalling 1,170 MW wind power in the Nordics.


For more information, please contact:

Lars Bryngelsson, Managing Director OX2 TCM, Tel. +46 (0)70-539 17 68, e-mail: lars.bryngelsson@ox2.com