Press Releases
Renewable Power Capital marks first investment with commitment to acquire a portfolio of Nordic onshore wind projects from OX2
- Renewable Power Capital has committed to acquire projects in Finland with capacity totalling 171 MW
- OX2 is constructing the wind farms under a tailored EPC contract and will, once commissioned, be responsible for the technical and commercial management of the wind farms.
London, U.K. (January 07, 2021) – Renewable Power Capital (“RPC”), the renewable energy investment platform backed by Canada Pension Plan Investment Board (CPP Investments), has made its first investment by committing to the acquisition of a 100% ownership interest in a 171MW portfolio of onshore wind projects from OX2, a leading developer and constructor of large-scale onshore wind power in Europe, in a transaction valued at €245 million.
Two of the wind farms, Puutikankangas in North Ostrobothnia and Rustari in South Ostrobothnia, are ready-to-build today. When all three wind farms are commissioned as planned in 2022, the portfolio is expected to produce close to 590 GWh per year, equivalent to the electricity consumption of approximately 118 000 households.