Swedish-based renewable energy developer, OX2, has started construction of its 472 MW onshore wind farm in Finland. OX2’s Rajamäenkylä and the Honkakangas onshore wind farms in Karijoki, Isojoki and Halsua municipalities are so far the largest renewable energy investment in Finland. The completion dates for the 367 MW Rajamäenkylä and the 105 MW Honkakangas onshore wind projects are 2028 and 2027 respectively. The two projects in Finland cost 700 million EUR (755.86 million USD). Additionally, as part of its funding, a long-term debt financing agreement with Santander Corporate & Investment Banking has also been secured by OX2.
OX2 onshore wind project factsheet
Rajamäenkylä onshore wind project
Location: Karijoki and Isojoki municipalities, Finland
Developer: OX2 AB
Operator: OX2 AB
Turbine units: 54 N175/6.8 wind turbines
Capacity: 367 MW
Turbine height: 250 meters
Annual production: 360 GWh
Supplier: Nordex
Start of construction date: 2025
Project completion date: 2028
Honkakangas onshore wind project
Location: Halsua municipality, Finland
Developer: OX2 AB
Operator: OX2 AB
Turbine units: 16 N175/6.5 wind turbines
Capacity: 105 MW
Turbine height: 250 meters (max)
Annual production: 1,25 TWh
Supplier: Nordex
Start of construction date: 2025
Project completion date: 2027
OX2’s 472 MW onshore wind projects in Finland
With project completion dates two and three years away, the largest renewable energy investment in Finland by OX2 will be the first to be under its management once complete.
According to OX2, the 367 MW Rajamäenkylä and the 105 MW Honkakangas wind farms will cumulatively produce 1.6 TWh of wind energy once operational. Alongside supplying Finland’s electricity grid, this feat will also be a big win for OX2. The developer will realize growth in energy market sales and its wind energy projects portfolio.
The Honkakangas wind farm will serve more than 73,000 homes annually once connected to the grid while the Rajamäenkylä wind farm will serve around 250,000 homes. The values are relative to a 5,000 KWh consumption rate per household.
Other OX2 renewable projects in Finland
In addition to the two wind energy projects in their construction phases, OX2 is also having other renewable projects in Finland. These include the Jouhteninen and Kannisto onshore wind projects, and the Kantinkulma solar project among others which are currently in their development phases.
Having constructed close to 4 GW of onshore wind power globally, OX2 is one of the leading green energy developers in Europe. According to OX2, their renewable energy projects in Finland and around the globe are “constantly increasing access to renewable energy [and] promoting the transition towards a more sustainable future.
