OX2 sold 99 MW wind farm in Romania for USD 238 million

OX2 has closed an agreement to sell a 99.2 MW onshore wind project in Romania to Nala Renewables, a joint venture between IFM Investors and Trafigura. The SEK 2.5 billion (USD 238 million) agreement includes the construction of the wind farm.

The project is located in the Eastern part of Romania and will consist of 16 Vestas turbines, V162-6.2 MW. Construction will start in Q3 of 2024 while commissioning is planned for the first half of 2026. The deal includes a 12-year power purchase agreement (PPA) with a multinational corporate off-taker.  

Once commissioned, OX2 will be responsible for the technical and commercial management of the project, optimizing production, and supervising its operations. The annual energy production of the wind farm is about 312 GWh, covering the annual electricity consumption of 51,000 households as well as saving approximately 150,000 tonnes of CO2-equivalent emissions per year.