OX2, together with Ålandsbanken Fondbolag, is developing offshore wind power in two projects, one to the south and one to the north of Åland. The Government of Åland recently issued a permission to carry out investigations for the projects, OX2 is therefore including its share of the projects, estimated at about 5,000 MW, in its project development portfolio.
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The projects named Noatun South and Noatun North, are being run via two joint ventures in which OX2 is the developer and Ålandsbanken Fondbolag is a long-term shareholder via its investment funds. OX2’s total share of the projects is estimated to amount to around 5,000 MW. In addition to offshore wind farms in the Åland maritime zone, the Noatun projects also include a grid solution for the distribution of electricity to Åland,
At the end of the second quarter of the year, OX2’s total project development portfolio amounted to 23,864 MW.
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