OX2 signs asset management agreement for a 36 turbine wind farm in Sweden
OX2 has signed an asset management agreement for a wind farm owned by Greencoat Renewables PLC (a company managed by Schroders Greencoat LLP) in Sweden . The agreement is a long term, full-service asset management agreement for the operational wind farm Ersträsk South, and will also include support for the future takeover of another asset.
OX2 will provide technical, commercial and financial management of the wind farm, Ersträsk South to ensure optimal asset performance on behalf of Greencoat Renewables PLC. The wind farm consists of 36 Enercon turbines (101 MW in total) and has been operational since 2021.
OX2 will also support Greencoat Renewables PLC in the takeover of another asset in the future, which is currently under construction. Once this wind farm is in operation, OX2 will also deliver the full scope asset management services.
"We look forward to take responsibility of the management of these wind farms and to ensure an efficient ownership and optimized profitability for Greencoat Renewables PLC. We also look forward to further strengthen our collaboration with Enercon and the local stakeholders in Markbygden. With this contract we will manage close to 500 MW of Enercon turbines in the area.", says Lars Bryngelsson, responsible for technical and commercial management, OX2.
"We’re delighted to enter our first agreement with OX2 for the asset management of our wind farm in Sweden. OX2 are a market leader in renewables development and asset management in Scandinavia, we look forward to growing together in the region.", says Paul O’Donnell, Partner, Schroders Greencoat LLP.
About Greencoat Renewables PLC
Greencoat Renewables PLC is an investor in euro-denominated renewable energy infrastructure assets. Initially focused solely on the acquisition and management of operating wind farms in Ireland, the Company is now also investing in wind and solar assets in certain other European countries with stable and robust renewable energy frameworks. It is managed by Schroders Greencoat LLP, an experienced investment manager in the listed renewable energy infrastructure sector.