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OX2 to manage Piiparinmaki wind farm, Finland, for Nuveen

Global, News

Renewable energy solutions provider OX2 has entered into an asset management agreement with Nuveen Infrastructure to manage the Piiparinmaki wind farm in Finland. OX2 will oversee the facility’s technical, commercial, and financial management, which began commercial production in the summer of 2022, to maximize its performance. Nuveen Infrastructure, the private infrastructure investment arm of global asset manager Nuveen, manages $1.2 trillion in assets. Jordi Francesch, managing director of Nuveen Infrastructure Asset Management, expressed enthusiasm for…

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Swedish firm OX2 buys 1GW onshore wind project in Australia

Global, News

Renewable energy developer OX2 has acquired its first onshore wind project in Western Australia, with a planned capacity of 1GW. Located north of Perth, the project is in the early development stages and will include a 100MW battery energy storage system. The acquisition involves collaboration with 20 landowners, and the original developers will continue to oversee the approval process alongside OX2. This acquisition is part of OX2’s strategy to expand its renewable energy portfolio in…

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OX2 sells 119 MW solar farm in Victoria

Global, News

OX2 has agreed to divest a 119 MW alternating current (MWac) solar farm in Victoria, Australia, to an undisclosed buyer. As part of the agreement, OX2 will oversee the construction process on behalf of the new owner and will also manage the technical and commercial aspects of the project under a five-year management contract. The solar farm is expected to be operational by 2027 and will generate 242 gigawatt hours (GWh) of electricity annually, enough…

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OX2 sells 50 MW BESS project in Finland to L&G NTR Clean Power Fund

Global, News

OX2 has sold the Uusnivala battery energy storage system (BESS) project in Finland to L&G NTR Clean Power Fund. The 50 MW/110 MWh project, now ready for construction, will be overseen by the new owner. This sale represents a significant enhancement to the Finnish grid system. Uusnivala will provide essential ancillary services, including frequency regulation and grid stability, and engage in energy arbitrage within wholesale markets. Strategically located near a high wind power penetration area,…

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SEC to build publicly owned renewable energy park in Horsham, Australia

Global, News

The State Electricity Commission (SEC) has announced plans to construct the SEC Renewable Energy Park – Horsham, one of Australia’s first 100 per cent publicly owned utility-scale renewable energy projects. The solar and storage facility aims to supply affordable and reliable renewable energy to power approximately 51,000 homes annually, supporting the transition to a clean energy grid. The project, built in partnership with OX2, will be developed in two phases. Phase one involves installing over…

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Lhyfe signs five-year deal with H2 MOBILITY for green hydrogen supply in Germany

Global, News

Lhyfe has entered a five-year agreement with H2 MOBILITY Deutschland to supply green hydrogen for the transport sector. Initial deliveries will target four H2 MOBILITY fuel stations in Baden-Württemberg and Rhineland-Palatinate, starting with locations in Ludwigshafen and Frankenthal. The hydrogen, classified as Renewable Fuels of Non-Biological Origin (RFNBO), will be generated from renewable power sources at Lhyfe’s upcoming production site in Schwäbisch Gmünd. In addition to its German partnership, Lhyfe is collaborating with OX2 and…

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Nala Renewables acquires 99.2 MW onshore wind project in Romania

Global, News

Nala Renewables, a global power and renewable energy investment platform, has announced the acquisition of a 99.2 MW onshore wind project from OX2. This project, located in eastern Romania, is expected to begin construction in the third quarter of 2024. This acquisition marks Nala’s third transaction in Central and Eastern Europe (CEE) during 2024, reinforcing its focus on the region, where it has a portfolio exceeding 1.5 GW of renewable energy projects. The project will…