OX2 has signed an agreement to construct and divest a 455 MW wind farm in Lestijärvi, Finland, for about 650 million euro (ca SEK 6.5 billion) including an agreement for technical and commercial management.
The buyer is a consortium of Finnish energy companies, consisting of Kymppivoima Oy (65%), Oulun Energia (25%) and Kuopion Energia (10%). The wind farm comprises 69 turbines totalling 455.4MW and will have an estimated yearly output of about 1.3 TWh. . Construction will start immediately and the wind farm is scheduled to be completed early 2025. OX2 will also construct the grid infrastructure to connect the wind farm, including a substation and a 58 kilometers 400 kV transmission line. As part of the agreement OX2 will construct the wind farm under a tailored fixed price agreement. Once commissioned, OX2 will be responsible for the technical and commercial management of the project under a 15-year agreement.