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OX2 acquires first onshore wind power project in Australia with planned capacity of 1 GW

Acquisition Onshore Wind announced Australia Oct 14, 2024
1000 MW
Capacity

OX2 secured its inaugural 1 GW early-stage onshore wind power project in Australia. This acquisition marks OX2's entry into the Australian renewable energy market, positioning it to become a significant developer in.

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Deal Analysis

OX2 has just made its first move into Australia's onshore wind market, acquiring a project with a planned capacity of up to 1 GW. This isn't just a large-scale wind farm; it also integrates a substantial 100 MW battery energy storage system. For a developer like OX2, which manages the entire value chain from project acquisition to greenfield development, this establishes a significant foothold in a new geography. The inclusion of BESS from the outset highlights a focus on grid stability and dispatchability for their inaugural Australian venture.
  • OX2's inaugural onshore wind project in Australia.
  • Planned 1 GW wind capacity.
  • Includes 100 MW battery storage.
  • Acquisition by full value chain developer OX2.

Timeline

Announced
Oct 14, 2024
Signed
Closed

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