OX2, a renewable energy company, announced it has completed the financing of Valhalla project in the municipalities of Bollnäs and Ockelbo, in central Sweden.
The project comprises 85 wind turbines from Vestas, model V136 4.2 MW, each with a total height of 180 metres.
Aquila Capital will acquire the project which OX2 will deliver as an EPC contract.
The wind farm will be built in the municipalities of Bollnäs and Ockelbo, in central Sweden. It will be one of the largest onshore wind farms in Europe.
The construction work will begin immediately, with completion of the wind farm expected in the spring of 2020. OX2 will then have a contract for technical and commercial management of the wind farm.
The expected average production is more than 1.1 TWh per year. The project will be featured with a long-term power purchase agreement with a yet undisclosed, high calibre-offtaker.
The project strengthens OX2’s leading market position in the Nordic region, where the company is currently building six wind farms totalling 717 MW, the company said.
The project is expected to produce approximately 1.1 TWh per year, which corresponds to the annual consumption of household electricity for approximately 223,800 households (5,000 kWh per household)
The wind farm is expected to be completed in the spring of 2020.
Apart from Vestas, the project also includes subcontractors like Ellevio (national grid), Empower (ground work and foundations, site Tönsen) and Svevia (ground work and foundations, site Åmot-Lingbo).