Swedish renewable project developer OX2 has finalised a cooperation agreement with TMV Green to build 500MW worth of onshore wind facilities in Estonia.
TMV Green will be responsible for land use, licensing and grid connection for the wind facilities included in the project portfolio.
The company has been developing wind power projects in Estonia since 2020.
OX2 will finance, construct and implement the onshore wind facilities being developed with TMV Green.
OX2 Finland and the Baltics regional manager Teemu Loikkanen said: “Wind power is the most cost-efficient means of generating electricity.
“In addition, wind power provides an excellent opportunity for Estonia to significantly increase (its) energy self-sufficiency in a short amount of time.
“With our experience and expertise, we will realise the projects quickly and cost-effectively.”
The projects that OX2 and TMV Green plan to develop are still in early phases of development.
OX2 noted that these projects will not be part of its project development portfolio.
By working with TMV Green, OX2 aims to expand its operations in Estonia.
The company previously partnered with TMV Green’s sister company, TM Voima, in Finland in 2018.
TMV Green CEO Kim Tahkoniemi said: “Our common goal is to generate clean energy and make Estonia more energy self-sufficient.
“At the moment, we are negotiating with landowners and municipalities to find suitable areas for the wind farms.
“By partnering with OX2, we have access to the latest technological know-how in the field and can ensure that appropriate funding and resourcing are made available throughout the projects.”
Last month, OX2 filed an application to develop the Aurora Offshore Wind Farm in the Swedish Exclusive Economic Zone.
The company applied for a Natura 200 permit to build the 5.5GW facility with the County Administrative Board of Gotland.
The Aurora project will have the capacity to generate a total of 24TWh of clean energy a year if approved.