Swedish wind developer slides after listing

OX2's share price dipped on its first trading day.

Photo: PR / OX2 / Joakim Lagercrantz

Sweden's OX2, which develops and sells wind and solar farms, saw its share price slide by 6.3 percent on the first day of trading on the First North Exchange in Stockholm.

The company has sold 72.9 million shares priced at SEK 60 apiece, resulting in a total equity sale worth SEK 4.4bn (EUR 438m) and a market value of SEK 16.4bn.

After the listing, OX2 has more than 25,000 shareholders.

Over these last 16 months, OX2 has developed and sold projects with a combined capacity of around 2.5 GW in Sweden, Finland, Poland and Norway.

2020 sales totaled to SEK 5.2bn, off of which the company booked an operating result of SEK 416m.

English Edit: Daniel Frank Christensen

Asset manager buys more Vestas projects

OX2 buys 170 MW of Swedish wind from papermaker

OX2 sells 63 MW in wind projects in Poland to DIF 

More from EnergyWatch

EU to address stalled Danish nearshore wind project

Developer European Energy has received a positive response from the EU regarding project Omø Syd, which is currently on hold due to considerations over migratory birds. The European Parliament has now requested that the Commission launch an investigation into the matter.

Board reshuffle to boost Obton

The Danish solar investor has appointed new board members and now aims to quadruple its photovoltaic business ahead of 2025.

Seadrill secures comprehensive restructuring deal

John Fredriksen's strained drilling company Seadrill has settled a comprehensive restructuring agreement with a majority of its lenders, which among other things reduced the company's debt liabilities by almost USD 5bn.

Further reading

Related articles

Trial banner

Latest News

See all jobs