O2 wants to contribute to the development of renewable electricity generation. The Company has experienced employees who plan, construct, operate and market wind farms all over Sweden. The processes available for the construction and operation of wind farms are assessed as being among the most advanced and most highly respected in the country. O2 has developed a significant proportion of the wind power existing in Sweden today and was the first to drive forward the development of large-scale wind power with projects in the mountains and offshore. O2 has built up competence throughout all stages of the value chain for the establishment of wind power; from the initial project development process through financing, marketing and construction to operation and administration.
O2’s roots go back to 1991 when Göte Niklasson founded the business that is operated today by O2’s subsidiary O2 Vindkompaniet AB. O2 was founded in 2005 by Johan Ihrfelt and Thomas von Otter and in the same year acquired Vindkompaniet from the Danish wind turbine manufacturer Vestas. O2’s core business concept became the development and marketing of turnkey wind power plants to industrial and financial investors.
To meet the demand for co-owned wind power, O2 offers all electricity consumers in Sweden the opportunity to become fractional owners of wind turbines through wind shares.
In 2008, O2 began to provide services that facilitated and streamlined production, operation and administration of wind power plants.
In March 2010, a proposed initial public offering was cancelled as investor interest was insufficient to ensure a successful listing on the stock exchange. Accordingly, plans to become an electricity generator were put back on the shelf and O2 decided not to change its core business as windpower developer. Actual ownership of operational wind power plants will
for the foreseeable future remain with customers. The first substantial business partnership started in 2007 with Proventus Wind Power (”PWP”), which is owned by Proventus and the Wallenberg family foundations (FAM). At the beginning of 2011, the partnership was refined, which resulted in PWP becoming the owner of six wind farms with a total generating capacity of 100 MW that were previously jointly-owned. Concurrent with this, PWP divested its minority stake in O2 Vind. The joint strategy for the future will be for O2 to plan and develop new wind power projects on behalf of PWP and for PWP to focus on ownership of facilities that O2 then operates and administers.
In December 2010, another substantial partnership was established, this time with Skanska, for the Sjisjka wind power plant of 60–90 MW that is planned for production end of 2012.
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