Borenius advised OX2 on the acquisition of the Metsälamminkangas wind farm development

We advised OX2 on the acquisition of the Metsälamminkangas wind farm development located in Vaala, Finland, from LähiTuuli. The Metsälamminkangas wind farm consists of 24 wind turbines with a capacity of 140 MW. OX2’s aim is to be able to start the construction of the wind farm in early 2020, meaning that the turbines could be installed in early 2021.

OX2 develops, builds and manages renewable power generation. OX2 has taken a leading position in the field of large-scale onshore wind power projects over the past 15 years, having generated more than 2 GW of wind power in the Nordic region. By constantly increasing access to renewable energy, OX2 is promoting the transition towards a more sustainable future. OX2 has operations in Sweden, Norway, Finland, Poland, Lithuania, France and Germany. Its head office is located in Stockholm, Sweden, and its sales revenue in 2018 amounted to EUR 403 million.

LähiTuuli Oy is a Finnish, privately owned company that develops and owns wind power sources nationwide. LähiTuuli is a sister company of TuuliSaimaa Oy, which provides specialist services in the renewable energy sector. LähiTuuli Oy was established in 2009 and its headquarters is located in Lappeenranta, Finland.