OX2 has sold a 96 MW onshore wind farm to HELLENiQ Renewables, a wholly owned subsidiary of HELLENiQ ENERGY Holdings. The wind farm holds a long-term virtual power purchase agreement (PPA) with Ahold Delhaize, a leading international retailer.

The wind farm is located in eastern Romania and will feature 15 Vestas 6.4 turbines. Construction is scheduled to start in the third quarter of 2025, with commissioning planned for 2027.

OX2 has originated and structured a 12-year virtual power purchase agreement with Ahold Delhaize, covering more than 50% of the wind farm’s electricity output.

“The transaction with HELLENiQ Renewables demonstrates how OX2 develops its Romanian portfolio by progressing projects to financial investment decision. We’re strategically positioned to become one of the leading renewable energy companies in Romania while making a meaningful contribution to the country’s renewable energy objectives and energy transition goals”, said Lăcrămioara Diaconu-Pințea, Country Manager OX2 Romania.