Swedish renewables developer OX2 has partnered with Finnish commercial lender Alandsbanken Fondbolag Ab to develop a 250-turbines offshore wind farm project that will be developed near Finland's Aland islands.
OX2 has signed a Memorandum of Understanding (MoU) with a special investment fund of Alandsbanken that will co-own the wind project. Named as 'Noatun wind farm', the project is expected to produce up to 20 TWh of energy per year.
The partners are planning to offer investors and the public an opportunity to invest in the project through a fund.
Country updates
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November 30, 2021
Ilmatar commissions 211 MW Piiparinmäki, plans 2 more wind projects in Kainuu
The 41 wind turbines of the 211 MW Piiparinmäki wind farm have been completed and are currently producing power for the Finnish electricity grid on the border between Pyhäntä and Kajaan...
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November 29, 2021
wpd reaches financial close for Nuolivaara wind farm project
German renewables developer wpd AG has reached a financial close for the development of the 96.9 MW Nuolivaara wind farm project in Finland. KfW IPEX-Bank is financing the construction and opera...
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November 29, 2021
OX2 to construct and divest 455 MW Lestijärvi wind farm project in Central Ostrobothnia
OX2 has signed an agreement to construct and divest a 455 MW wind farm in Lestijärvi, Finland, for about EUR650 million (US$733 million) including an agreement for technical and commercial manage...
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November 09, 2021
Falck Renewables signs contract for the purchase of 55 MW wind project in Karstula
Falck Renewables S.p.A., through its subsidiary Falck Renewables Finland Oy, has signed a contract for the purchase of two ready-to-build onshore wind farms in Finland, from the Danish group, European...
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September 28, 2021
Final close achieved for Foresight energy fund
Foresight Group (Foresight) has held the final close of the Foresight Energy Infrastructure Partners (FEIP) fund with total commitments of EUR851.4 million (US$997.7 million), which is 70% over the EU...
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