OX2 to build 66-MW Finnish wind farm for CPP Investments-backed platform

Swedish renewables developer OX2 is getting ready to kick off the construction of a 66-MW wind farm in Finland on behalf of a UK energy investment firm controlled by the Canada Pension Plan Investment Board, or CPP Investments.

OX2 is the developer and engineering, procurement and construction (EPC) contractor of the particular project, it said on Monday. Dubbed Merkkikallio, the scheme is part of a 171-MW portfolio of three Finnish wind projects that OX2 sold to London-based Renewable Power Capital Limited (RPC) early in 2021 in a EUR-245-million (USD 298.7m) deal.

The Swedish firm said it will break ground on Merkkikallio this month, aiming to bring the plant online in 2022. The wind farm will be located in the South Ostrobothnia region and will be equipped with 12 GE 158 turbines of 5.5 MW.

OX2 is taking care of EPC activities for all three projects forming the 171-MW portfolio and will also oversee their technical and commercial operations. Construction of the first two plants was initiated in December.

Once up and running, the three power plants will be able to generate close to 590 GWh of electricity per year, or enough to supply around 118,000 homes, according to OX2's estimates.

(EUR 1.0 = USD 1.219)

Choose your newsletter by Renewables Now. Join for free!