OX2 to purchase Finnish wind power project

Renewable energy company OX2 has signed a purchase agreement with LähiTuuli for one of the largest wind power projects in Finland, said the company in a press release.

The project rights acquired via the wind power project will allow OX2 to build a wind farm of 24 wind turbines in North Ostrobothnia, Finland.

The total capacity of the Metsälamminkangas project will be approximately 150 MW. Annual production will be equivalent to the electricity consumption of around 80,000 homes (5,000 kWh per household). The project will be based in Vaala, around 120 km southeast of Oulu.

“Metsälamminkangas is one of the largest wind power projects in Finland. It will strengthen our position as a leading wind power player in the Nordic countries,” says Teemu Loikkanen, Regional Manager, Finland and the Baltics, at OX2.

He continues, “We’ve already begun tenders with suppliers and started negotiations on a power purchase agreement and funding. Our aim is to be able to start construction next spring, meaning the turbines could be installed in summer 2021.”Teemu Loikkanen, Regional Manager, Finland and the Baltics, at OX2 said.

The project has planning permission as part of the area’s general plan, allowing 24 wind turbines to be built. The highest wind turbine will be approximately 230 m, and the land on which the turbines will be built is privately owned.

The Metsälamminkangas wind farm will be connected to the national grid, Fingrid, via the Vuolijoki substation through an expansion of 32 km of the existing 110 kW section of the grid.

“Metsälamminkangas has been an extremely important project for us right from the start, and it’s great to see it now moving to the next phase. We think it’s important that our farm continues to develop all the way to electricity generation, and this has been a crucial consideration for us when choosing a new owner,” said Miika Pilli, CEO of LähiTuuli Oy.