References/2 Jun 2023

Borenius advised OX2 on a transaction regarding the development and construction of six wind farm projects

We advised OX2 on a transaction it concluded with Tuulialfa with regard to the development and construction of a 1,200 MW onshore wind power portfolio in Northern Ostrobothnia and Lapland in Finland. The portfolio includes six wind farm projects in Kittilä, Kuusamo, Pudasjärvi, Oulu, and Utajärvi that comprise more than 150 wind turbines. The projects are expected to reach the investment stage in 2025–2028.

Tuulialfa works to develop domestic renewable energy production with a focus on wind power and solar energy projects while OX2 offers renewable energy solutions at scale by designing and building sustainable projects that are tailored to meet its customers’ needs. OX2 has a proven business model and in-house expertise that covers every step of the process from project acquisition and financing to engineering and design, permitting, procurement, construction, and technical and commercial management.

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Christian Fogelholm



Iida Mäkimattila

Senior Associate