DLA Piper has advised OX2 on its sale of the 357 MW wind farm to Aquila Capital, a leading European manager of alternative investments.

The financing of the Valhalla project comprising of 85 wind turbines has been successfully completed. Aquila Capital will acquire the project, which OX2 will deliver as an EPC contract, and it will be one of the largest onshore wind farms in Europe. The permits for the park have been developed in cooperation between OX2 and Bergvik Skog.

The project will feature a long-term power purchase agreement with a currently undisclosed, high calibre-offtaker.

OX2 has developed and constructed approximately 1600 MV of wind power and is one of the leading players in onshore wind power in Northern Europe.

The DLA Piper team based in Stockholm was led by Corporate partner Peter Ihrfelt, assisted by Real Estate senior associates Mats Eriksson and Johan Forsling and Finance senior associate Joséphine Tessmar.