Ardian acquires wind farm from OX2

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Ardian, a world-leading private investment house, recently announced a 300 million euro investment to build a wind farm in Åndberg/Härjedalen, Sweden. Ardian acquired the development rights of the project from OX2, a leading Nordic renewable energy developer. Ardian has also engaged OX2 to lead the construction and technical management of the facility. The wind farm will be operational in 2021 and is expected to produce in excess of 800 GWh per year.

The 53-turbine wind farm will be one of the largest in Sweden, which is a world leader in the innovation and development of sustainable energy. Sweden has passed legislation to go “carbon neutral” by 2045, with Denmark, Norway, and Finland all having made similar commitments.

OX2’s Raskiftet wind farm. Ardian has also engaged OX2 to lead the construction and technical management of a wind farm in Åndberg/Härjedalen, Sweden. (Courtesy: OX2/ Joachim Liljecrantz)

Ardian’s portfolio in the Nordics, which already includes two wind-farm investments in Norway and Sweden, will now exceed 400 MW of gross capacity, corresponding to the yearly energy consumption of more than 600,000 electric vehicles. Separately, OX2 is currently building a record of more than 1 GW of wind power in the Nordics, of which approximately 90 percent is in Sweden.

“In OX2, we have found an excellent partner,” said Amir Sharifi, managing director at Ardian Infrastructure. “We look forward to together building a state-of-the-art wind farm using the latest available technology. Our goal is to achieve solid returns without subsidy and a positive impact on all stakeholders.”

“We are very pleased to have established a good business relationship with Ardian after a realization process that was characterized by a high degree of professionalism and spirit of cooperation,” said Paul Stormoen, managing director at OX2 Wind. “We are now looking forward to beginning construction together with our sub-contractors. The wind farm is a significant local investment and a further important contribution to the ongoing global transition to a renewable energy sector.”

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