OX2 has signed an agreement to sell Riberget wind farm in Ljusdal municipality, Sweden, to Fu-Gen. The wind farm will consist of 11 turbines and have a total installed capacity of 70 MW.
The buyer, Fu-Gen, is a privately held IPP focused on the development and ownership of energy producing sites from wind, solar, battery storage and e-fuels (Hydrogen based) projects across the Nordics and the UK. OX2 will commence construction of the wind farm by the end of 2022 and it is estimated to be completed during second half of 2024. Once commissioned, OX2 will be responsible for the technical and commercial management of the project under a 15-year agreement.