Global Infrastructure SherpaOX2 sells 49% of three Finnish offshore wind projects to Ingka Investments
6000 MW
Capacity
OX2 completed the sale of a 49% stake in three Finnish offshore wind projects, with a potential capacity of about 6,000 MW, to Ingka Investments.
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Counterparts (2)
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IKEA's investment arm, Ingka Investments, just deepened its commitment to renewable energy, acquiring a 49% stake in three massive Finnish offshore wind projects. This move aligns directly with their focus on sustainability and long-term value creation, backing projects with a potential 6,000 MW capacity. OX2, a developer known for managing the entire renewable energy value chain, will continue to drive these significant offshore developments in Finland.
- Ingka Investments (IKEA's investment arm) acquired a 49% stake.
- Three Finnish offshore wind projects involved.
- Potential capacity totals 6,000 MW.
- OX2, a full value chain developer, remains a key partner.
Timeline
Announced
Jun 20, 2023
Signed
Closed
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