OX2 signs asset management agreement for a 36-turbine wind farm in Sweden
Published by Abi Larkin,
Editorial Assistant
Energy Global,
OX2 has signed an asset management agreement for a wind farm owned by Greencoat Renewables PLC (a company managed by Schroders Greencoat LLP) in Sweden. The agreement is a long-term, full-service asset management agreement for the operational wind farm Ersträsk South, and will also include support for the future takeover of another asset.
OX2 will provide technical, commercial, and financial management of the wind farm, Ersträsk South, to ensure optimal asset performance on behalf of Greencoat Renewables PLC. The wind farm consists of 36 Enercon turbines (101 MW in total) and has been operational since 2021.
OX2 will also support Greencoat Renewables PLC in the takeover of another asset in the future, which is currently under construction. Once this wind farm is in operation, OX2 will also deliver the full scope asset management services.
“We look forward to taking responsibility of the management of these wind farms and to ensuring an efficient ownership and optimised profitability for Greencoat Renewables PLC. We also look forward to further strengthening our collaboration with Enercon and the local stakeholders in Markbygden. With this contract, we will manage close to 500 MW of Enercon turbines in the area,” said Lars Bryngelsson, responsible for technical and commercial management, OX2.
“We are delighted to enter our first agreement with OX2 for the asset management of our wind farm in Sweden. OX2 are a market leader in renewables development and asset management in Scandinavia, and we look forward to growing together in the region,” stated Paul O’Donnell, Partner, Schroders Greencoat LLP.
For more news and technical articles from the global renewable industry, read the latest issue of Energy Global magazine.
Energy Global's Winter 2022 issue
The Winter 2022 issue of Energy Global hosts an array of technical articles focusing on wind, solar, energy storage, geothermal, and more. This issue also features a regional report on the Australian renewables sector.
Read the article online at: https://www.energyglobal.com/wind/16032023/ox2-signs-asset-management-agreement-for-a-36-turbine-wind-farm-in-sweden/
You might also like
SBM Offshore and Technip Energies sign partnership agreement to form EkWiL
SBM Offshore and Technip Energies have signed a memorandum of understanding for the creation of a floating offshore wind joint venture entity, EkWiL.