OX2

Founded in 2004, OX2 has grown into a leading independent renewable energy developer in Europe and beyond. Headquartered in Stockholm, Sweden, OX2 is present in over 10 markets across Europe, in addition to Australia. The company has a strong operational and financial track record and a robust set of capabilities across the value chain, including development, construction, and management. OX2 also has a deep pipeline of projects under development across technologies and geographies.

Market trends and drivers

EQT expects to see continued significant growth in the renewables market over the coming years, driven by trends including decreasing technology costs and growing demand for green electricity. Renewable energy generation is a top priority for many governments, corporates and consumers on the pathway to net zero.

Investment potential

To maintain and grow its market position, capitalize on emerging opportunities and strengthen its presence within renewable energy in the long term, EQT will support OX2 to evolve its business model from a pure developer to an integrated renewables developer and asset owner, while retaining its ability to sell projects. EQT will leverage its extensive experience investing in the renewables sector and in the energy transition broadly to support the company’s transformation and plans to provide additional investment in OX2’s pipeline.