OX2 to construct 1.4 GW offshore wind farm in Finnish economic zone

OX2, a Swedish renewable project developer, has begun construction on the Tyrsky offshore wind farm in the Gulf of Bothnia, near Finland. The 1.4 GW offshore project will be situated about 30 km north-west of Kaskinen in the Finnish Economic Zone, southwest of Vaasa. It will be equipped with 100 wind turbines and will be capable of producing 6 TWh of renewable energy per year. The Finnish government granted OX2 a research permit for the Tyrsky wind farm in 2022. The company’s next step will be to conduct an environmental impact assessment for the wind farm, with the project’s licensing period projected to be four years. The Tyrsky offshore project is expected to be operational by 2030.

OX2 is currently building wind facilities outside of Sweden and is currently operating two significant offshore wind farms in Finland. The company’s offshore wind portfolio had a total capacity of 18.3 GW at the end of the third quarter of 2022. Tyrsky will be included in its project development portfolio for the first quarter of 2023. Earlier this month, OX2 agreed to acquire six solar power projects in Spain, with a combined capacity of 152MW, for an undisclosed sum. The late-stage projects are situated in the Andalusia region and have all secured environmental permits.