SUBSCRIBE
PROFILE

In Sweden, OX2 sells 49% of three wind projects

In Sweden, OX2 announces the signature of an agreement with Ingka Investments for the sale of 49% of three offshore wind projects.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25£/month*

*billed annually at 99£/year for the first year then 149,00£/year ​

Unlimited access • Archives included • Professional invoice

SUBSCRIBE - 99£/year

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2£/month*
then 14.90£ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

In Sweden, OX2 announces the signature of an agreement with Ingka Investments for the sale of 49% of three offshore wind projects.

A sale of three projects

In Sweden, the agreement between OX2 and Ingka Investments concerns a potential capacity of 9000MW. Theagreement was subject to the usual approval of the competition’s merger file. In addition, the authorization of the merger occurred in November 2022.

Under the agreement, OX2 will receive an upfront payment of approximately €58 million. Once the permits are obtained and if both parties agree to proceed with the development, OX2 will receive an additional payment. Thus, OX2 could receive an additional €100,000/MW for 49% of the overall capacity.

A European company

OX2 develops, builds and sells onshore and offshore wind farms and solar photovoltaic farms. In addition, OX2 offers post-completion management of wind and solar farms. OX2’s portfolio includes wind and solar projects developed in-house and acquired at various stages of development.

OX2 operates in eleven markets in Europe: Sweden, Norway, Finland, Estonia, Lithuania, Poland, Romania, France, Spain, Italy and Greece. The company has nearly 300 employees. On the other hand, sales in 2021 amounted to about SEK 5 billion.

  • Popular on energynews.pro
Siemens and RIC Energy join forces to accelerate renewable hydrogen in Spain
Brazil Reduces Emissions by 16.7% in 2024 Ahead of COP30
Shell launches a large debt exchange offer for $8.4 billion of dollar-denominated bonds
Aramco’s net profit drops for the eleventh consecutive quarter
France: MPs Reject Tax Increase on E85 and B100 Fuels
Ørsted sells 50% of Hornsea 3 project to Apollo for DKK 39 billion
Danish Ørsted has signed an agreement with Apollo to sell a 50% stake in its Hornsea 3 offshore wind farm in the UK, in a strategic transaction valued at approximately DKK 39 billion ($5.43bn).
Eneco Acquires Prowind’s Wind Project Development Business in the Netherlands
Eneco takes over Prowind’s wind project development business in the Netherlands, adding 260 MW to its portfolio. Prowind refocuses on the German market, where demand is growing rapidly.
Envision Energy and ACWA Power Partner to Industrialize Wind Energy in Central Asia and the Middle East
The Chinese wind turbine manufacturer and Saudi operator sign a seven-year framework agreement to deploy local production lines and enhance technological cooperation in several strategic markets.
Iberdrola installs its first offshore HVDC station in the United Kingdom
Iberdrola has installed the high-voltage direct current converter station for its East Anglia THREE wind farm, marking a key milestone in a €5 billion project.
Nordex raises full-year EBITDA margin guidance after strong third quarter results
Driven by solid operational performance, Nordex has raised its 2025 EBITDA margin forecast to 7.5–8.5%, up from the previous 5–7%, following a significant improvement in preliminary third-quarter results.
Neoen commissions South Australia’s largest wind farm with 412 MW
Neoen’s Goyder South Wind Farm reaches full generation capacity, strengthening the French group’s presence in Australia’s energy market with 412 MW connected to the grid.
Waddi wind project secures environmental approval from Australian government
The Australian government has granted environmental approval for the 108 MW Waddi Wind Farm, a Tilt Renewables project with construction costs exceeding $400mn.
Scout Clean Energy completes construction of Nimbus wind farm in Arkansas
The 180 MW Nimbus wind project enters its final phase of construction in Arkansas, with commercial operation scheduled for early 2026.
Siemens Gamesa suspends wind turbine plant project in Esbjerg due to lack of visibility
Faced with market uncertainty in Europe, Siemens Gamesa pauses a planned industrial investment in Esbjerg, highlighting structural difficulties in the offshore wind sector.
Political crisis in France slows offshore wind development
Institutional deadlock in France delays tenders and weakens the offshore wind sector, triggering job cuts and major industrial withdrawals from the market.
Ignitis secures EUR 318 million to fund Kelmė wind farm in Lithuania
The Lithuanian energy group has signed a EUR 318 million financing agreement for its 314 MW wind project, the largest in the Baltic states.
BayWa r.e. opens the capital of the Plouisy wind farm to citizen investment
German group BayWa r.e. has tasked Enercoop Bretagne with implementing a citizen investment scheme for its planned wind farm in Plouisy, aiming for shared governance and stronger local involvement.
US wind installations drop 15% but rebound expected in 2027
US wind capacity fell in Q2, but developers anticipate a sharp increase by late 2025, with 46 GW of new capacity forecast by 2029 and a peak in 2027.
Engie and Apple sign 15-year PPA for 173 MW in Italy
Engie has signed a renewable electricity supply contract with Apple covering 173 MW of installed capacity in Italy, with commissioning scheduled between 2026 and 2027.
Renova avance sur un projet éolien terrestre de 280MW à Higashidori avec une nouvelle méthodologie EIE
Renova a soumis une méthodologie d’évaluation environnementale pour un projet éolien terrestre de 280MW à Higashidori, renforçant son positionnement sur les technologies renouvelables au Japon.
JERA Nex BP exits Beacon Wind project amid US market uncertainty
The joint venture between BP and JERA ends its offshore wind ambitions in the United States, citing an unfavourable economic and regulatory environment for continuing the development of the Beacon Wind project.
Q ENERGY surpasses 1 GW in repowering projects through public-private agreement
With a 300 MW partnership signed with Nadara, Q ENERGY exceeds 1 GW of wind repowering projects in France, reinforcing its position in a market driven by public investment dynamics.
FairWind acquires Cosmic Group to strengthen wind energy presence in Asia-Pacific
The acquisition of Cosmic Group by FairWind consolidates its position in Australia and marks a strategic expansion into New Zealand and Japan.
Vestas suspends wind turbine plant project in Poland amid market weakness
Danish manufacturer Vestas has paused construction of its planned facility in Poland, originally set for 2026, citing weaker-than-expected European offshore wind demand.
Equitix named preferred bidder for Scottish offshore transmission project
British operator Equitix has been selected to take over transmission assets of the Neart na Gaoithe offshore wind farm, a £450mn ($547mn) project awarded under Ofgem’s tenth tender round.

All the latest energy news, all the time

Annual subscription

8.25£/month*

*billed annually at 99£/year for the first year then 149,00£/year ​

Unlimited access - Archives included - Pro invoice

START - 99£/year

Monthly subscription

Unlimited access • Archives included

5.2£/month*
then 14.90£ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.