OX2

In our weekly #newsletter The Great Shift, we curate some of the week’s news stories on renewable energy, energy storage and the great shift toward a sustainable future. Below are some of the headlines in this week’s newsletter. Read more and subscribe: https://lnkd.in/dQXwYkku

We are proud to announce that Rachel Watson, OX2’s Country Manager for #Australia, has been recognized as one of Australia’s 100 Top Energy Players by The Australian, a leading newspaper, in their supplement The List. Under Rachel’s leadership, the Melbourne-based team has grown from 20 to approximately 35 people, and the business has expanded from #solarpower into #onshorewind and an increasing focus on #BESS (Battery Energy Storage Systems). Congratulations, Rachel — well deserved! Photo: Rachel Watson with OX2 CEO Paul Stormoen on the roof of the brand-new OX2 office in Cremorne, Melbourne.

We are proud to announce that OX2 will begin construction on the 119 MW SEC Renewable Energy Park Horsham, one of the first publicly-owned renewable energy projects in #Australia. The solar farm was sold by OX2 to SEC Victoria, a government-owned renewable energy company in the State of Victoria, in September and officially unveiled on Wednesday at a sod-turning event on the project site. “I want to thank SEC Victoria for their commitment and seeing the huge potential of this project which allowed it to scale up beyond what was initially envisioned and become a reality. We look forward to entering the construction phase together and to leveraging OX2’s strong track record when it comes to health and safety and being a good neighbour in the community,” says Rachel Watson, Country Manager OX2 Australia. The project will also include a 100MW battery energy storage system, #BESS, on the same grid connection, making it OX2’s first #hybrid project. Hybrid projects provide grid stability and manage peak demand, which can help lower power prices. Main photo left to right: Paul Stormoen, CEO OX2, Rachel Watson, Country Manager OX2 Australia, Simon Corbell, SEC’s Board Chair, the Honourable Jacinta Allan, Premier of Victoria, the Honourable Lily D’Ambrosio, Minister for Climate Action, Energy and Resources and for the SEC, and Chris Miller, SEC’s CEO. Full press release: https://lnkd.in/dnPGQXwb

Tomasz Guzowski nowym prezesem OX2 Polska od 1 grudnia 2024 👏 Tomasz pracuje w OX2 od 5 lat. Przez większość czasu był odpowiedzialny za projekty wiatrowe, natomiast od wiosny tego roku pełni funkcję dyrektora ds. rozwoju biznesu. Z branżą OZE jest związany od 2003 roku. Pod skrzydłami obecnej prezes Katarzyna Suchcicka OX2 wyrosło na jednego z wiodących i najbardziej rozpoznawalnych deweloperów energii odnawialnej w kraju, z portfelem projektów przekraczającym 3 GW. „Jestem pewna, że wyjątkowy zespół OX2 będzie nadal przekraczał oczekiwania na polskim rynku. Z całego serca dziękuję moim wspaniałym współpracownikom, których zaangażowanie czyniło każdy dzień pełnym wyzwań i satysfakcji, a naszym partnerom biznesowym za bezcenną współpracę” – mówi Katarzyna Suchcicka. „Jestem przekonany, że z tak zaangażowanym zespołem, z EQT Group jako nowym właścicielem oraz planami wdrożenia modelu IPP (niezależny producent energii elektrycznej), wkraczamy na ekscytującą ścieżkę dalszego rozwoju OX2 i transformacji energetycznej” – podkreśla Tomasz Guzowski. Życzymy Tomkowi powodzenia w Jego nowej roli prezesa OX2 Polska, a Kasi sukcesów w kolejnych zawodowych wyzwaniach! #OX2 #OX2Polska #PoweringTheGreatShift #Energetyka

We are proud to announce that we have handed over Wysoka wind farm in #Poland to Ingka Investments, the investment arm of Ingka Group, the largest IKEA retailer. The wind farm comprises of 11 turbines with a total capacity of about 62 MW. The estimated annual energy production of the wind farm is 180 GWh which is equivalent to the annual electricity consumption of about 90,000 households. OX2 will be responsible for the technical and commercial management of the project optimizing the production and supervising its safe operations. By the end of the third quarter OX2 was constructing nine projects in five markets with a total capacity of about 1,100 MW. Press release: https://lnkd.in/dH4DgSTF #renewableenergy #onshorewind

Measuring wind conditions is crucial before designing and constructing a wind farm. Factors like wind speed, direction, and consistency directly influence the wind farm’s energy production and profitability. Various tools and techniques provide essential data to evaluate a site’s suitability for wind power. This film introduces some of the most commonly used methods. #windmeasuring #windpower #renewableenergy

Renewable energy projects enable the avoidance of greenhouse gas emissions from fossil fuels. The actual climate benefit for society is realized when fossil fuels are phased out. This will come at a cost for some, but the cost of not doing it is much larger. Invest in a future for all. #COP29 #renewableenergy

We are delighted to announce that our #biodiversity strategy aligns with the It's #NowForNature campaign, a global initiative encouraging businesses and financial institutions to create and share strategies that contribute to a #naturepositive future. “We’re proud to be part of this initiative, showcasing how we work to contribute to halting and reversing biodiversity loss. Our biodiversity strategy guides us in how to act and implement concrete measures in our projects whilst continuously learning and developing our approach.” says Linda Strindevall, Environment and Climate Change Manager at OX2. The list of qualified companies, including OX2, was unveiled at the UN Biodiversity Conference #COP16 in Colombia. The conference focuses on implementation of the Global Biodiversity Framework, the blueprint to reset humanity’s relationship with the natural world. We strive for projects that do not come at the expense of nature and therefore welcome policy that incentivizes this outcome. Read more here: https://lnkd.in/g_FmDPPP

OX2 has signed an #assetmanagement agreement with Nuveen Infrastructure for the Piiparinmäki wind farm in #Finland. OX2 will be responsible for the technical, commercial and financial management of the 41-turbine / 211 MW #windfarm, to ensure optimal asset performance. “We are very happy that Nuveen Infrastructure have extended our collaboration and entrusted us with the management of the Piiparinmäki wind farm. This collaboration further solidifies our position as a leading Asset Manager in the Nordics and becomes the 20th asset in our current management portfolio which is developed and constructed by others than OX2,” says Lars Bryngelsson, Managing Director OX2 TCM. OX2 manages a total of 1,090 wind turbines, with a total capacity of 5.5 gigawatts. In addition to wind farms, OX2 also manages solar farms and energy storage systems. 📸 Petteri Löppönen of OX2’s nearby Metsälamminkangas wind farm. Press release: https://lnkd.in/dYp8rbz5

This year marks 20 years since OX2 was founded, in 2004. Today, we begin an exciting new chapter as we transition to being fully owned by global investment organization EQT Group, following our delisting from the Nasdaq Stockholm stock exchange yesterday. We want to thank everyone who has supported us along the way, and we look forward to continuing this journey together as we step into the future. We’d like to share some of our milestones from the past #20years. Watch the video to learn more.