OX2, a Swedish company that develops renewable energy projects, has sold Helen and Bank of Land’s Wind Power Fund the Niinimäki wind farm in Finland. The Niinimäki wind farm will have a total installed capacity of 145 MW and 22 turbines. The site’s construction is slated to begin immediately, with completion scheduled for the end of 2024. No financial details of the deal have been disclosed.
The Niinimäki wind farm will be able to provide more than 400 GWh of clean energy annually once it is finished, which is equivalent to the annual electricity consumption of almost 8,000 households. Under a 15-year agreement, OX2 has agreed to provide technical and commercial management services for the wind project. Once the project is up and running, the company will also optimise production and oversee operations.
Earlier this month, Siemens Gamesa was contracted to provide OX2 with 11 of its SG 6.6-170 turbines for the Riberget wind project in Sweden. At the 70 MW wind project, which is situated in Sweden’s Ljusdal municipality, the onshore wind turbines would be installed. The SG 6.6-170 turbines would be installed at a hub height of 115 metres to harness the area’s best wind speeds.