OX2, a renewable energy developer, has secured an asset management contract with Renewable Power Capital for four wind farms in Sweden. The Knäsjöberget, Sörlidberget, Viberget, and Storhöjden facilities have a combined capacity of 550MW.
The Swedish company described the deal as the “largest wind asset management portfolio contract to date” in the Nordics.
OX2 will manage the technical, commercial and financial aspects of the wind farms.
The aim is to support their operational performance as they approach commercial operation from late 2025 onwards.
OX2 technical and commercial management head Lars Bryngelsson stated: “We are very proud to once again earn the trust of Renewable Power Capital to manage their wind farms.
“We now manage externally developed and built assets to a total of 2.2GW, contributing to our overall asset management portfolio of 6.7GW of renewable energy projects. This extensive portfolio gives us a deep understanding of how to optimize and manage assets in the most efficient way.”
Renewable Power Capital director for asset management and power markets Miguel Pérez stated: “We are pleased to be working with OX2 to manage our High Coast portfolio as it moves into the operational phase. OX2 has deep experience in managing Nordic wind assets and we value their continued partnership.”
Besides onshore and offshore wind, OX2 also maintains a project portfolio across renewable technologies such as solar and storage.
Its total 33GW portfolio spans development, construction, asset management and operations,
The company, which is backed by private equity investor EQT, also develops projects based on renewable solutions such as hydrogen.
Operating in nine markets across Europe and Australia, OX2 is headquartered in Stockholm, Sweden, and employs 500 people.
In August 2025, OX2 acquired Environmental Protection and Biodiversity Conservation (EPBC) approval for the 135 MW Muswellbrook solar and storage project in New South Wales, Australia.
Located next to the Muswellbrook coal mine, which ceased operations in 2022, the Muswellbrook project is primarily owned by Idemitsu Australia.
It marked the second OX2 project in Australia to receive EPBC approval, following the Summerville solar and storage project, which was approved in July 2025.
