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Foyen advised OX2 in the construction of the Nordic region's largest unsubsidised wind power project

November 2018 - Projects, Energy & Natural Resources. Legal Developments by Foyen Advokatfirma AB.

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The renewable energy company OX2 has been engaged to construct four wind power farms with 25 wind power plants (107.4 MW) in Finland. This will be the largest unsubsidised wind power project to date in the Nordic region.

IKEA Retail Finland, which is part of the Ingka Group, is financing the construction with an agreement to purchase the farms when they are put into operation at the beginning of 2020. The estimated total production is approximately 380 GWh per year. The project consists of four Finnish wind power farms – Långmossa, Ribäcken, Ponsivuori, and Verhonkulma. Foyen Advokatfirma has assisted OX2 in the negotiation of supply agreements and service agreements. Leading partner at Foyen was Jacob Hamilton.

For more information, please contact:

Jacob Hamilton, partner at Foyen +46 (0)737-19 51 49, jacob.hamilton@foyen.se

About Foyen

Foyen is a law firm which, ever since it was founded in 1987, has carved out three basic principles that define how we work: industry focus, an understanding of business, and outstanding expertise in the relevant areas of the law. And this has served us and our clients well. The firm now has some 80 employees in Stockholm, Gothenburg, Malmö and Falun. Our primary practice areas are in the construction and property sector, technology-intensive industry, mining and forestry, public transactions, the energy sector, the environmental sector, IT law and cross-industry business law.