TMV Green Ou and OX2 have agreed to collaborate on the development of 500MW of onshore wind projects in Estonia.
TMV Green will be in charge of land use, licencing, and grid connection, while OX2 will be in charge of the portfolio’s funding, construction, and execution.
The projects around which OX2 and TMV Green will collaborate are still in the early stages. They are not included in the OX2 project development portfolio.
In Finland, OX2 and TMV Green’s sister firm, TM Voima, began their first collaboration in 2018, and this deal will greatly expand OX2’s operations in Estonia.
“Wind power is the most cost-efficient means of generating electricity.”
“In addition, wind power provides an excellent opportunity for Estonia to significantly increase energy self-sufficiency in a short amount of time.”
“With our experience and expertise, we will realise the projects quickly and cost-effectively”, said Teemu Loikkanen, OX2 Baltics regional manager for Finland.
Kim Tahkoniemi, TMV Green chief executive, added: “Our common goal is to generate clean energy and make Estonia more energy self-sufficient.
“At the moment, we are negotiating with landowners and municipalities to find suitable areas for the wind farms.
“By partnering with OX2, we have access to the latest technological know-how in the field and can ensure that appropriate funding and resourcing are made available throughout the projects.”