Newsec advises OX2 on 357 MW wind farm transaction
OX2 divests the wind farm to Aquila Capital.The purchase agreement includes supply of a full-wrap EPC as well as technical and commercial management services for operation of the wind farm. The investment is supported by a power purchase agreement with a high-caliber offtaker. The wind farm is expected to be taken into commercial operation in 2020.
“The Valhalla transaction is a continued cooperation with Newsec, who has advised us successfully on several transactions over the last years”, says Paul Stormoen, Managing Director of OX2 Wind.
Valhalla marks Newsec’s 36thdeal as M&A advisor within the sector since 2007. During the past five years, Newsec has advised on approximately 25 percent of all investment decisions on the Swedish and Norwegian wind power market.
“We are very pleased to be part of another successful cooperation with OX2 and Aquila Capital. While benefiting from joint learnings in previous deals, we have also worked hard together in achieving further optimizations in this large transaction”, says Omid Ashrafi, Head of Infrastructure and Energy, Newsec Advisory.