OX2 Secures 205MW Renewable Energy Contracts in Poland

• OX2 expands its green footprint in Poland with two new energy projects, marking a significant leap in sustainable power with a 165MW solar park and a 40MW wind farm.

OX2 has secured contracts in a Polish government auction for two renewable energy projects—a 165MW solar park and a 40MW wind farm. These facilities will be located in the south-west and south-east regions of Poland, marking OX2's second solar project and eighth wind farm in the country.

Based in Sweden, OX2 boasts a development portfolio of approximately 3.1GW of renewable energy projects in Poland. The company is currently engaged in construction for other projects, including a 20MW wind farm in Bejsce and a 100MW solar project in Rutki.

What impact will OX2's new contracts have on Poland's renewable energy landscape?

• Increase in Renewable Capacity: The addition of OX2's 165MW solar park and 40MW wind farm contributes significantly to Poland's expanding renewable energy capacity, bringing more diversity to the energy mix and helping to meet national targets for clean energy production.
• Enhanced Energy Security: By investing in renewable energy projects like solar and wind farms, OX2 is helping to reduce Poland's reliance on fossil fuels, thereby enhancing the country's energy security and resilience against global energy price fluctuations.
• Job Creation: The construction and operation of these renewable energy facilities will create numerous job opportunities in Poland. From skilled labor in construction to long-term positions in maintenance and operation, local communities will benefit economically.
• Support for Local Economy: The influx of investment for these projects will not only benefit the renewable energy sector but will also stimulate local economies through the purchase of materials and services, enhancing the overall economic landscape of the regions involved.
• Contribution to Climate Goals: OX2’s projects align with Poland's commitments under the Paris Agreement, aiding the government in reducing greenhouse gas emissions and working towards a more sustainable future.
• Technological Advancements: The introduction of new projects brings opportunities for the latest renewable energy technologies and practices to be implemented in Poland, encouraging innovation and increases in efficiency within the sector.
• Strengthening Competitiveness of Renewable Sector: OX2's presence can potentially attract further investment from both domestic and international players, thereby enhancing competition in the Polish renewable energy market and encouraging growth.
• Community Engagement and Awareness: With increased development in renewable projects, there is an opportunity for OX2 to engage local communities, raising awareness about sustainability and the benefits of switching to renewable energy sources.
• Integration with Existing Grid: The new projects will necessitate enhancements to Poland's electrical grid, facilitating better integration of renewable sources and improving overall energy distribution efficiency.
• Potential for Future Projects: The successful execution of these two projects may pave the way for OX2 to consider additional investments in Poland, accelerating the transition to renewable energy and positioning the country as a regional leader in this domain.