25.2.2022

OX2 – Offshore Wind Farm Projects

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We are advising the wind energy company OX2 in the development and permitting of two offshore wind farm projects. The planned offshore wind farm projects called Halla and Laine are located in the exclusive economic zone of Finland.

A step forward toward Finnish offshore wind power production was taken in January 2022 when two OX2 projects received the first exploration permits in the Finnish EEZ: the Halla project to be constructed west of the Hailuoto island and the Laine project to be constructed west of the city of Pietarsaari, both located in Western Finland. The exploration permits enable more extensive exploration of the seabed, providing wider information about the project areas.

OX2 plans to fit up to 310 offshore wind farms on the explored areas, which, if completed, would generate 23 TWh of environmentally friendly renewable electricity. In 2020, electricity production in Finland amounted to 67 TWh. If completed, the offshore wind farm projects would significantly increase Finland’s wind power capacity.

In addition to exploration permits, other authority permits are also required to carry out a wind farm project. Both of these OX2 projects are now undergoing an environmental impact assessment. In addition, preliminary negotiations with the authorities and stakeholders have been held for both projects. The projects are still in an early stage of development, and the electricity production is expected to start by the end of this decade.

OX2 develops and sells wind and solar farms in Finland and Europe. OX2 has taken a leading position in large-scale onshore wind power since 2004, having developed and sold approximately 3.2 GW of wind power in Sweden, Finland, Norway and Poland.

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