OX2 acquires 170MW Hälsingeskogen wind power project from Stora Enso

Swedish renewable energy company, OX2, has finalized an agreement with Finnish renewable materials company, Stora Enso, to acquire the 170 MW Hälsingeskogen wind power project situated in the municipality of Ovanåker, Gävleborg County, Sweden. According to the terms of the agreement, OX2 will take over 100 percent of the project rights from Stora Enso, which will retain ownership of the land where the project is located. The financial specifics of the deal remain undisclosed at this time.

The Hälsingeskogen project, which comprises 37 wind turbines, is projected to generate approximately 380 GWh of electricity annually. This production capacity is equivalent to the average electricity consumption of about 72,000 households per year, significantly contributing to Sweden’s renewable energy supply.

Hillevi Priscar, Country Manager for Sweden at OX2, emphasized the strategic importance of this project in relation to Sweden’s renewable energy goals: “Wind power needs to be quadrupled if Sweden is to reach the national goal of 100 percent renewable electricity production by 2040, according to the Swedish Energy Agency’s and the Swedish Environmental Protection Agency’s wind strategy. The conditions for a wind farm in Ovanåker are good. When we establish wind parks, we always strive for a positive development of the nearby area. We also work with programs for increased biodiversity in areas where we construct wind turbines.”

This acquisition aligns with OX2’s strategy to expand its renewable energy portfolio in Sweden, contributing to the country’s ambitious goal of achieving 100 percent renewable electricity production by 2040. The company’s commitment to not only increasing renewable energy capacity but also enhancing local biodiversity and community development exemplifies a holistic approach to sustainable development.

The Hälsingeskogen wind power project represents a significant step forward in Sweden’s transition to renewable energy, with both OX2 and Stora Enso playing pivotal roles in this transformative endeavor. This project not only supports Sweden’s environmental goals but also demonstrates the potential for collaborative efforts between companies in driving forward the renewable energy agenda.