The Swedish renewable developer OX2 has started the analysis and environmental impact assessment work for two offshore wind projects totalling 5 GW near Åland, an autonomous insular region of Finland located in the southwest of the country, after the government of Åland issued permission to carry out investigations for the projects.
OX2 will partner with Finland’s Ålandsbanken Fondbolag to develop these projects, named Noatun South and Noatun North. In November 2021, OX2 signed a letter of intent with the Finnish comapny regarding the development of offshore wind power south of Åland. This cooperation was extended in May 2022 to include an additional project north of Åland, and in September a binding agreement was signed between the parties.
In addition to offshore wind farms in the Åland maritime zone, the Noatun projects also include a grid solution for the distribution of electricity to Åland, Sweden, Finland and Estonia. OX2’s current total portfolio stands at nearly 24 GW.
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