OX2 hands over Lestijärvi wind farm to Finnish energy consortium

Core Insights - OX2 has completed the construction of the Lestijärvi wind farm in Finland, which consists of 69 turbines and has a total capacity of 455.4MW, contributing over 1.3 terawatt-hours to Finland's electricity generation in 2024, approximately 1.6% of the country's total production [1][2][3] Group 1: Project Overview - The Lestijärvi wind farm has been handed over to a consortium of energy companies including Oulun Energia, Kymppivoima, and Kuopion Energia [1] - The project is expected to generate around €2.4 million ($2.8 million) annually in real estate tax revenue for the hosting municipality [2] - OX2 will continue to manage the technical and financial aspects of the wind farm post-completion [2] Group 2: Strategic Importance - The completion of the Lestijärvi wind farm is seen as a milestone for Finland's energy transition and is part of a €650 million investment aimed at enhancing the country's energy independence [3] - OX2 is currently developing five additional wind power projects in Finland, with a combined capacity of approximately 750MW [3] Group 3: Company Portfolio - OX2's portfolio includes projects in onshore and offshore wind, solar power, and energy storage, totaling around 33GW across various stages of development, construction, asset management, and operations [4] - The company is also involved in initiatives related to other renewable technologies, such as hydrogen [4] - OX2 has secured an asset management agreement for four wind farms in Sweden, with a total capacity of 550MW [5]