December 11, 2016 7:19 AM ET

Electrical Equipment

Company Overview of OX2 Group AB

Company Overview

OX2 Group AB develops, builds, finances, and manages wind power installations for financial investors, electricity users, and private users in Northern Europe. It has a portfolio of approximately 50 projects with an equivalent production of approximately 2,000 MW of wind power located in Sweden, Finland, Norway, and Poland. The company also manages contracts for approximately 200 wind turbines with an annual production of approximately 1.5 TWh. In addition, OX2 Group AB engages in bioenergy, solar power, and geothermal energy businesses. It offers enewable energy systems and geothermal energy solutions for large property owners; and produces biogas and green district heating. The company was...

Lilla Nygatan 1

Box 2299

Stockholm,  103 17

Sweden

83 Employees

Phone:

46 8 55 93 10 00

Key Executives for OX2 Group AB

Founder, Chairman of the Board, Chief Executive Officer and Managing Director
Age: 49
Founder, Deputy Chief Executive Officer, Deputy Managing Director, Director and Member of Market Committee
Age: 50
Chief Financial Officer
Age: 47
Managing Director of Consumer Market & Cooperative Wind Power Operations and Chief Executive Officer of O2 Vindel Ab
Age: 46
Chief Executive Officer of Wind and Managing Director of Wind Power Development
Compensation as of Fiscal Year 2016.

OX2 Group AB Key Developments

Aquila Capital Purchases an Additional Wind Farm in Sweden from OX2

Aquila Capital has signed a purchase agreement with OX2 for 65 MW wind power. The agreement relates to the 18-turbine Hogkolen wind farm in the municipality of Ljusdal. This is the second agreement between the parties in a short time. The Högkölen wind farm will be built at an unusually favourable wind location with an average wind speed of 8.0 m/sec at the turbines' hub height. After having optimised the project, both technically and financially, OX2 estimates the wind farm to deliver 244 GWh of electricity per annum when operational. OX2 will construct the wind farm as a fully wrapped EPC contract.

OX2 Signs 148 MW Wind Power Deal with Aquila Capital and Google

Aquila Capital has signed a purchase agreement with OX2 for a turnkey wind farm with 41 turbines in northern Sweden. The investment is secured by a ten-year PPA contract with Google for the purchase of electricity from the wind farm. The wind farm will be built in Lehtirova, located between the municipalities of Gällivare and Pajala. The expected average production is 490 GWh per year. The construction project will be executed as an EPC project by OX2, which expects to hand the commissioned wind turbines over to Aquila Capital in December 2018. OX2 will then continue its involvement with a long term technical and commercial management contract of the wind farm. The turbine that has been chosen is the Vestas V126-3.6 MW, which has a total height of 184 m.

OX2 Wins EPC Contract for 112 MW Wind Power in Norway

OX2 has been commissioned to build the 112 MW Raskiftet wind farm in Norway. The client is a joint venture company held by German municipal utilities company Stadtwerke München and its Norwegian counterparts Eidsiva Energy and Gudbrandsdal Energy. The project will be delivered turnkey and is OX2's first construction project in Norway. The wind farm will be built in Raskiftet, in the municipalities of Åmot and Trysil, Norway. It will be composed of 31 wind turbines and when the plant is commissioned at the end of 2018, it will produce some 370 GWh of new renewable electricity per year.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 23, 2016
OX2 Group AB, 65 MW Wind Power
Merger/Acquisition
October 14, 2016
OX2 Group AB, 148-MW Swedish Wind Farm
Merger/Acquisition
February 26, 2016
Innopower Oy, Jouttikallio Wind Development Project and Wind Development Project (9 MW)
 

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