This is the largest wind asset management portfolio contract to date in the Nordics.
OX2 will manage the technical, commercial, and financial aspects of the wind farms to ensure optimal performance as they approach commercial operation from late 2025 onward. The company’s expertise is expected to enhance the efficiency and reliability of these renewable energy assets.
Lars Bryngelsson, head of OX2’s technical and commercial management, stated: “We are very proud to once again earn the trust of Renewable Power Capital to manage their wind farms. We now manage externally developed and built assets to a total of 2.2GW, contributing to our overall asset management portfolio of 6.7GW of renewable energy projects. This extensive portfolio gives us a deep understanding of how to optimize and manage assets in the most efficient way.”
Miguel Pérez, Renewable Power Capital’s director for asset management and power markets, said: “We are pleased to be working with OX2 to manage our High Coast portfolio as it moves into the operational phase. OX2 has deep experience in managing Nordic wind assets and we value their continued partnership.”
Based in Stockholm, OX2 employs 500 people and operates in nine markets across Europe and Australia. Supported by private equity firm EQT, the company manages a 33GW portfolio that includes onshore and offshore wind, solar, storage, and hydrogen-based renewable solutions, covering development, construction, asset management, and operations.
OX2 recently received approval for the 135MW Muswellbrook solar and storage project in New South Wales, Australia, located near the former Muswellbrook coal mine, which ceased operations in 2022. Primarily owned by Idemitsu Australia, this project follows the approval of OX2’s Summerville solar and storage project, marking its second such milestone in Australia.
This contract reinforces OX2’s leadership in renewable energy management, supporting Sweden’s sustainable energy goals and expanding its global presence.
