OX2 Secures Green Light for Swedish Solar-Battery Project

• OX2 secures permit for 110-MW solar park in Sweden, eyeing battery storage to power 25,000 homes by 2027, advancing Sweden's fossil-free electricity goal.

Swedish renewables developer OX2 AB has received an environmental permit to construct a 110-MW solar park in southwestern Sweden, with plans to explore adding a battery storage component. The County Administrative Board's approval allows OX2 to begin detailed design and procurement for the photovoltaic park, which will supply electricity to approximately 25,000 households. The project, located on low-grade agricultural land near existing transmission infrastructure, is set to begin construction in early 2026 and become operational in 2027. OX2 will focus on biodiversity safeguards and is launching tenders for civil works and high-efficiency panels.

OX2 is considering a utility-scale battery energy storage system (BESS) to provide grid support, leveraging its experience from previous BESS projects in Sweden and Finland. The solar project is part of OX2's 25-GW development pipeline, which includes wind and standalone storage assets across Europe and Australia. Sweden's goal of 100% fossil-free electricity by 2040 has facilitated streamlined permitting and increased investor interest in hybrid renewable projects. Final investment approval will depend on power-purchase agreements and battery studies, with expectations of strong interest from corporate offtakers seeking stable, low-carbon electricity.

What are the key features and future plans for OX2's 110-MW solar park in Sweden?

• The solar park will be located on low-grade agricultural land, optimizing land use without impacting high-value agricultural areas.
• Proximity to existing transmission infrastructure will reduce costs and complexity in connecting the solar park to the grid.
• The project aims to supply electricity to approximately 25,000 households, contributing significantly to local energy needs.
• Construction is scheduled to begin in early 2026, with operations expected to start in 2027.
• OX2 is prioritizing biodiversity safeguards to minimize environmental impact during and after construction.
• The company is launching tenders for civil works and high-efficiency solar panels to ensure the use of advanced technology.
• OX2 is exploring the addition of a utility-scale battery energy storage system (BESS) to enhance grid stability and energy reliability.
• The solar park is part of OX2's broader 25-GW development pipeline, which includes various renewable energy projects across Europe and Australia.
• Sweden's target of achieving 100% fossil-free electricity by 2040 supports the project's development and attracts investor interest.
• Final investment decisions will be influenced by power-purchase agreements and the outcomes of battery storage feasibility studies.
  
• There is an expectation of strong interest from corporate offtakers looking for stable, low-carbon electricity sources.