UK’s Octopus acquires 45MW onshore wind project
OX2 has sold a 45MW wind farm in Eastern Poland to funds managed by Octopus Renewables.
The wind farm, comprising 15 wind turbines, will be constructed in Huszlew, in the Mazowieckie province in East Poland.
OX2 will directly begin construction of the wind farm with delivery expected in 2023.
The total production is estimated to be 130GWh per year, which is the equivalent to the annual power consumption of around 30,000 households; thereby avoiding around 45,000 tonnes of CO
2 emissions per year from fossil fuels.
OX2 chief executive Paul Stormoen said: “I am happy to see a second wind farm sold to Octopus in just two years and that we have been able to provide Octopus with their first Polish wind farm investment.
Octopus acquires 45MW Polish wind project renews.biz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from renews.biz Daily Mail and Mail on Sunday newspapers.
Developer OX2 has sold a the build-ready 86MW Karskruv wind farm in southern Sweden to Nordic oil and gas company Lundin Energy.
OX2, which has not disclosed the price, will begin construction of the 20-turbine project in the municipality of Uppvidinge, Kronoberg County, shortly. Operations are expected in 2023.
Once commissioned, OX2 will retain responsibility for the technical and commercial management of the wind farm.
Annual production is expected to amount to to approximately 290 GWh per year, equivalent to the electricity consumption of 60,000 households.
The agreement is the second between the two companies in just over a year, following the agreement of a 132MW wind farm in Finland in 2020 where construction is now ongoing.