Lundin Petroleum has signed a purchase agreement with OX2 for 100% of 132 MW Metsälamminkangas wind farm in northern Finland.
The Metsälamminkangas wind farm, comprising 24 wind turbines, will be constructed in the municipality of Vaala, North Ostrobothnia. OX2 has for the first time chosen GE Renewable Energy as the supplier of the turbines. The site of the farm is renowned for its favorable wind location with an average wind speed of approx. 7.2 m/sec at the turbines’ hub height.
The project rights for Metsälamminkangas were acquired by OX2 in 2019 and the project has since then been optimized for the construction phase. OX2 is constructing the wind farm as an EPC contract and will also be entrusted with responsibility for the technical and commercial management of the farm. The facility is planned to be commissioned for Lundin Petroleum in December 2021 and is expected to produce approximately 400 GWh per year.
Country updates
-
-
January 28, 2020
OX2 completes the 30 MW Ponsivuori wind project in Kurikka
OX2 has commissioned and handed over the 30 MW Ponsivuori wind farm to its owner IKEA Finland. The Ponsivuori wind farm is located in Kurikka, in Southern Ostrobothnia and consists of seven wind turb...
Read more -
January 23, 2020
Fortum divests 80% ownership of 500 MW Nordic wind portfolio to CSEIP
Fortum and Credit Suisse Energy Infrastructure Partners (CSEIP) have signed an agreement whereby funds advised by CSEIP will acquire an 80% stake in Fortum’s Nordic wind portfolio. Fortum will...
Read more -
January 15, 2020
OX2 and Aquila sign construction deal for 43 MW Korkeakangas wind project in Karstula
Aquila Capital has signed an agreement with Nordic developer OX2 for the construction and asset transfer of the Korkeakangas wind farm with nine wind turbines in Karstula, Finland. The project is bein...
Read more -
January 14, 2020
Fortum finalizes sale of its district heating business in Joensuu
Fortum has concluded the sale of its district heating business in Joensuu, Finland to Savon Voima Oyj, as announced on 20 December 2019. The total consideration of the sale on a debt- and cash-free b...
Read more -
January 10, 2020
Taaleri to sell three wind farms in Oulu City
Funds managed by Taaleri have agreed to divest part of their wind farm investment portfolio by selling their shares in the Nyby and Myllykangas wind farms to a consortium of Korean institutional inves...
Read more
