OX2 starts construction of 277 MW of onshore wind power in Finland

Construction will start immediately and, once completed, the projects will remain in OX2’s ownership.

One of the three wind farms, Kannisto, is in Central Ostrobothnia, Finland. Korkeamaa and Salo-Ylikoski are in Southern Ostrobothnia. Together, the three wind farms will produce about 860 GWh annually. Earlier in 2025, OX2 invested in two wind farms in Finland, bringing the total capacity to 750 MW and the largest investment in renewables in Finland to date.

Matthias Taft, CEO, OX2 AB, responded: “This investment is a significant addition to the energy supply of Finland, and I am proud of the work done to make these projects a reality. The investment underlines our commitment to Finland and to being a long-term owner of renewable energy assets. The projects are a substantial addition to our portfolio and an important step in our growth journey under the new strategy.”

The Kannisto wind farm in Halsua will comprise 20 Vestas 6.2 MW turbines and have a total capacity of 124 MW. The wind farm is estimated to be operating in 2028. The Korkeamaa wind farm in Soini will comprise 17 Vestas turbines (6.2 MW and 6.4 MW) and have a total capacity of 108 MW. The Korkeamaa wind farm is expected to be in operation by 2027. The Salo-Ylikoski wind farm is in Kauhava and comprises 7 Vestas 6.4 MW turbines and has a total capacity of 45 MW. The Salo-Ylikoski wind farm is expected to be in operation in 2027.

All three wind farms have long-term power purchase agreements with multinational corporate offtakers.

OX2 has also secured a long-term debt financing package with KfW IPEX-Bank, NatWest, Nordea, and SEB.

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