OX2

INCREASING ACCESS TO RENEWABLE ENERGY

OX2 develops, builds and manages renewable power generation. The company has accepted one of the greatest challenges of our time. By increasing access to renewable energy, OX2 is constantly driving development towards a sustainable future. According to trade organisation WindEurope, OX2 is the company that has built the most onshore wind turbines in Europe since 2015.

OX2 is investing more in the future than ever before. The company is building a presence on several markets, and is also expanding into new technologies. OX2 is a European leader in the field of onshore wind power and is developing projects for offshore wind power and solar power. The company is also assessing green hydrogen initiatives, a field predicted to replace fossil fuels in transport and industry.

The company is able to grow its project pipeline – in both the short and the long term – testing new technologies and its presence on more and more markets due to both proprietary and acquired energy projects.

THE YEAR IN BRIEF

• In two years, OX2 has gone from being a newcomer on the Polish market to being one of the country’s top three renewable energy companies in 2020. The successful establishment in Poland has given the company valuable experience ahead of the next phase of expansion.

• In 2020, OX2 has sold 330 MW of wind power to investors and handed over approx. 500 MW to customers.

• OX2’s initiatives on existing markets have been reinforced. In 2020, the company initiated proprietary wind and solar power projects with a total volume of 2,000 MW in Sweden, Finland, Poland and France.

• The company also acquired more projects under development than ever before. These projects are at different stages of maturity, and together they increased the project portfolio volume by 1,500 MW.

• Altor acquired 30 percent of shares in OX2 and is supporting the company’s continued growth together with majority owner Peas Industries