OX2 Sells 25-MW Spanish PV Projects to Greening Group

• OX2 AB continues to shine in the renewable energy market, selling a 25-MW solar project portfolio in Spain to Grupo Greening 2022 SA. Stay tuned for more green energy success stories!

Swedish renewables developer OX2 AB has sold a 25-MW solar project portfolio in Extremadura, Spain to Grupo Greening 2022 SA. The bundle includes five PV schemes, with construction to be handled by Greening Group in Caceres. The projects are expected to be operational between the second and third quarters of 2025, with an estimated combined output of 18 GWh per year.

This divestment will have a limited impact on OX2's earnings and follows a previous sale of 45 MW of solar projects in Andalusia to Greening Group. The financial details of the transaction were not disclosed, but the move reflects OX2's ongoing strategy to develop and sell renewable energy projects.

What is OX2 AB's strategy for developing and selling renewable energy projects?

• OX2 AB's strategy for developing and selling renewable energy projects involves identifying suitable locations for solar and wind projects with high potential for energy generation.
  
• The company focuses on securing necessary permits and approvals for project development, as well as conducting feasibility studies to ensure the viability of each project.
  
• OX2 AB collaborates with local partners and investors to finance the construction and operation of renewable energy projects, leveraging their expertise and resources in the industry.
  
• The company aims to maximize the efficiency and output of each project, utilizing the latest technologies and innovations in renewable energy generation.
  
• OX2 AB prioritizes sustainability and environmental responsibility in all stages of project development, from site selection to construction and operation, to minimize the impact on the environment.
• The company actively seeks opportunities to divest completed projects to investors and energy companies, allowing them to reinvest in new renewable energy developments and continue to grow their portfolio.