Prime Capital will take over ownership of the wind farm as of today, on behalf of one of its institutional clients. OX2 will perform a technical upgrade of the wind farm, as well as be responsible for technical and commercial management.

The wind farm is located between Posio and Kuusamo in northern Finland and consists of seven Vestas V126 turbines, producing approximately 80GWh per year.

It was built in 2016 within the framework of the Finnish funding system for wind power and is characterised by its good wind resources. The farm has a capacity factor of close to 40%.

OX2 Wind managing director Paul Stormoen said: “We are very happy to be part of this transaction. The wind farm has been performing well for the last two years and we now see further potential in improving its output by doing technical upgrades.”

OX2 TCM managing director Lars Bryngelsson said: “We are very pleased to conclude our first agreement with Prime Capital and are looking forward to a long-term collaboration in which we can continuously optimize the production with our analytics tool kit.”

At the moment, OX2 constructs more than 800 MW and manage totalling 1.17GW wind power in the Nordics.

Source: Company Press Release