OX2 and Varberg Energi have agreed in principle for Varberg Energi to procure renewable electricity from the Galene offshore wind farm located near Varberg, Sweden, as well as from OX2’s solar project in the vicinity.
The long-term goal of the agreement is for the companies to enter into a Power Purchase Agreement (PPA) for the Galene offshore wind farm, as well as a PPA for one or more of OX2’s solar projects in Halland.
In May last year, OX2 received the government’s permission for the Galene project, which consists of up to 21 wind turbines with a planned production amounting to approximately 1.7 TWh.
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The 400 MW Galene , the northern part of the 1.7 GW Galatea-Galene project, will be built about 21 kilometres west of Varberg and comprise up to 21 wind turbines across an area of 42 square kilometres.
OX2 is developing the offshore wind project together with its partner Ingka Investments, the investment arm of Ingka Group, the biggest IKEA retailer.
OX2 plans to start construction work in 2026 to enable the wind farm to be operational in 2028 or 2029, according to the developer.