Stockholm-based developer OX2 has started the development of the Tyrsky offshore wind farm in the Gulf of Bothnia in the Finnish economic zone.
The project, estimated to have a total installed capacity of 1.4 GW, will be included in OX2’s project development portfolio for the first quarter of this year. The licensing period is anticipated to be about four years and the wind farm could be in operation around 2030.
The wind farm will be located in an area southwest of Vaasa, about 30 km northwest of Kaskinen. It will comprise about 100 turbines and have an annual production of about 6 TWh.
“The great shift towards hydrogen, fossil-free industries and general electrification demands huge amounts of renewable energy. Offshore wind farms are the fastest and most cost-effective way to build large-scale electricity production. I am happy to announce we have included another project in our portfolio of great projects,” said Paul Stormoen, CEO of OX2.
