OX2’s parent company, Peas Industries will remain the majority shareholder, according to today’s (29 June) press announcement.
Stockholm-based OX2 has developed 1.1GW of onshore wind in Sweden, Finland and Denmark, including the 147.6²Ñ°ÂÌýLehtirova project in northern Sweden.
According to “uåX˜äŠÊ˜·³Ç Intelligence, the research and data didvision of “uåX˜äŠÊ˜·³Ç, the developer has a further 860.4MW of onshore projects in various stages of development of Sweden, Finland, Poland and Norway.
Last year, the company turned over €463 million in sales revenues, but Altor’s buy-in will help grow its onshore presence across the continent, OX2 said. To date, the investment firm has raised €8.3 billion across five of its funds since 2003 with about half so far invested. Around 30% of its capital comes from investors within the Nordic countries and DACH – Germany, Austria and Switzerland.
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