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OX2 sells stake in 9,000 MW offshore wind development portfolio

OX2 sells its first offshore wind projects to Ingka Investments, who acquires a 49 percent stake in three projects in Sweden. The three projects are Galatea-Galene, located off the coast of Halland; Triton, located off the coast of Skåne; and Aurora, located off the coast of Gotland and Öland.

The projects have the potential to reach a total installed capacity of up to 9,000 MW and, once operational, produce up to 38 TWh combined, corresponding to more than 25% of the electricity consumed in Sweden during 2021. The projects are under development with the main wind farm permit applications submitted.

Mannheimer Swartling assisted OX2 in the transaction.

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