Fu-Gen acquires an onshore wind park from OX2
Fu-Gen has signed an agreement to acquire Riberget wind farm in Ljusdal municipality, Sweden, from OX2.
The wind farm will consist of 11 turbines and have a total installed capacity of 70 MW. Fu-Gen is a privately held IPP focused on the development and ownership of energy producing sites from wind, solar, battery storage and e-fuels (Hydrogen based) projects across the Nordics and in the UK.
The wind farm strengthens Fu-Gen’s portfolio of Swedish onshore wind assets in construction/operation with an estimated annual production of 210 GWh, equivalent to the consumption of 42,000 households. The acquisition supports Fu-Gen’s mission of empowering future generations with sustainable energy solutions through the development and ownership of energy producing sites from wind, solar, battery storage and e-fuels projects.
OX2 will commence construction of the wind farm by the end of 2022 and it is estimated to be completed during second half of 2024. Once commissioned, OX2 will be responsible for the technical and commercial management of the project under a 15-year agreement, optimizing the production and supervising its operations.
Fu-Gen was advised by Mannheimer Swartling in the transaction.