Swedish firm OX2 has reached an agreement to sell a 99.2 MW onshore wind project in eastern Romania to Nala Renewables, a joint venture between Trafigura and the IFM Net Zero Infrastructure Fund. The transaction, valued at €214 million, encompasses both the construction of the wind farm and a 12-year power purchase agreement (PPA) with a multinational corporate offtaker.
The project, featuring 16 Vestas V162-6.2 turbines, has already secured network access through a connection contract with Transelectrica, signed in March 2023. Construction is scheduled to commence in the third quarter of 2024, with commissioning anticipated in the first half of 2026.
Once operational, the wind farm is expected to produce approximately 312 GWh of electricity annually, sufficient to meet the needs of 51,000 households and reduce CO2 emissions by about 150,000 tons per year. OX2 will handle both the technical and commercial management of the wind farm, ensuring optimized production and overseeing operations.
OX2 entered the Romanian market in 2021 and has since built a local team and expanded its portfolio to five onshore wind projects totaling 620 MW.
