{"id":5651,"date":"2025-04-09T17:27:42","date_gmt":"2025-04-09T14:27:42","guid":{"rendered":"https:\/\/portofhanko.fi\/?p=5651"},"modified":"2025-04-09T17:27:42","modified_gmt":"2025-04-09T14:27:42","slug":"euroports-and-noatun-project-companies-held-by-ox2-and-alandsbanken-offshore-wind-i-sign-a-letter-of-intent-to-develop-koverhar-harbour-as-a-strategic-offshore-wind-hub","status":"publish","type":"post","link":"https:\/\/portofhanko.fi\/en\/2025\/04\/euroports-and-noatun-project-companies-held-by-ox2-and-alandsbanken-offshore-wind-i-sign-a-letter-of-intent-to-develop-koverhar-harbour-as-a-strategic-offshore-wind-hub\/","title":{"rendered":"Euroports and Noatun project companies held by OX2 and \u00c5landsbanken Offshore Wind I Sign a Letter of Intent to Develop Koverhar Harbour as a Strategic Offshore Wind Hub"},"content":{"rendered":"

Euroports Group and Noatun project companies, jointly held by OX2 and \u00c5landsbanken Offshore Wind I LP, a fund managed by \u00c5landsbanken Funds Ltd, have todaysigned a Letter of Intent (LoI) to establish Koverhar Harbour in Hanko as a key logistics hub for the construction of the offshore wind farm project Noatun North, including an option for Noatun South as well. This collaboration marks a significant step in strengthening Finland\u2019s offshore wind infrastructure and securing essential port capacity to support the industry\u2019s expansion.<\/p>\n

The Noatun North Project is expected to comprise of up to 250 turbines with a total capacity of up to 4000 MW. The use of Koverhar Harbour for this project is planned to start in 2030, requiring a significant port capacity to accommodate the storage, assembly, and transport of key wind turbine components. Unlike a greenfield development, Koverhar Harbour already possesses the fundamental infrastructure needed for the offshore wind logistics. With limited adaptations and targeted investments, it can be quickly optimised to serve the industry, making it a highly efficient and cost-effective solution.<\/p>\n

A Collaborative Approach to Infrastructure Development <\/strong><\/p>\n

The success of this initiative will require close cooperation between the parties to assess and develop the necessary port infrastructure. The LoI outlines a framework for evaluating storage, assembly and logistical needs. In addition, the Port of Hanko and Euroports have a separate exclusive agreement to explore the long-term development of Koverhar Harbour to meet the growing demands of offshore wind projects.<\/p>\n

\u201cThis agreement cements Koverhar Harbour\u2019s role as a vital node in the offshore wind supply chain in the Baltics,\u201d said Fr\u00e9d\u00e9ric Platini, CEO & Vice Chairman of Euroports. \u201cOur expertise in port operations and logistics will be instrumental in ensuring the seamless execution of these projects, and we look forward to working alongside OX2 to bring this vision to life.\u201d<\/p>\n

Anders Wiklund, Regional Manager OX2 and CEO and Chairman of the Board of Directors of the Noatun project companies, added: \u201cOur project represents one of the most significant offshore wind initiatives in the Baltic Sea. Partnering with Euroports and leveraging the strategic location of Koverhar Harbour ensures that we have the necessary infrastructure and expertise to make this project a success.\u201d<\/p>\n

Anders Ahlvik, CEO of the Port of Hanko, emphasised the strategic importance of this initiative: \u201cThe development of Koverhar Harbour into a hub for offshore wind logistics aligns perfectly with our long-term vision for the Port of Hanko. This collaboration strengthens our role as a key enabler of Finland\u2019s renewable energy transition and will drive significant economic and infrastructure development in the region.\u201d<\/p>\n

The Port of Hanko will be an important aspect of the construction of the Noatun North project, which brings vital green electricity to where it is most needed, southern Finland, to enable new industry establishment and business growth for the region\u201d says Juha K\u00e4nk\u00e4nen, Business Area Director (Energy Funds), \u00c5landsbanken Funds Ltd.<\/p>\n

Next Steps <\/strong><\/p>\n

The partnership between Euroports and OX2, with the involvement of the Port of Hanko, represents a major milestone in the development of Finland\u2019s offshore wind industry. With a shared commitment to innovation and sustainability, this collaboration paves the way for Koverhar Harbour to become a premier offshore wind logistics hub.<\/p>\n

For further information, please contact:<\/p>\n

Euroports <\/strong><\/p>\n

Philip Berckmans
\nStrategic Development Director
\nPhilip.berckmans@euroports.com
\n+32485545381<\/p>\n

OX2<\/strong><\/p>\n

Anders Wiklund
\nRegional Manager OX2
\nAnders.wiklund@ox2.com<\/a>
\n+358\u00a0457 57 59 211<\/p>\n

Port of Hanko <\/strong><\/p>\n

Anders Ahlvik
\nManaging Director, Consul
\nanders.ahlvik@portofhanko.fi<\/p>\n

About Euroports <\/strong><\/p>\n

Euroports is a leading international port infrastructure operator, managing over 50 terminals across Europe and Asia. With extensive expertise in cargo handling, maritime logistics, and industrial supply chains, Euroports provides tailored solutions to meet the evolving needs of global industries, including offshore wind energy.<\/p>\n

About the Port of Hanko <\/strong><\/p>\n

The Port of Hanko is Finland\u2019s southernmost port and a key hub for trade and logistics in the Baltic Sea region. With a strategic location and modern infrastructure, the port plays a crucial role in facilitating international commerce and supporting the transition to renewable energy.<\/p>\n

About OX2<\/strong><\/p>\n

OX2 is a leading renewable energy developer that operates a large and diverse project portfolio across all major technologies, including onshore and offshore wind, solar, and storage. Noatun project companies are subsidiaries of OX2 AB and \u00c5landsbanken Funds Ltd and funds under its managed. Together, they are driving the development of large-scale offshore wind projects in the Baltic Sea to contribute to Europe\u2019s energy transition.<\/p>\n

About \u00c5landsbanken Offshore Wind I<\/strong><\/p>\n

\u00c5landsbanken Offshore Wind I LP is a Finnish closed-end alternative investment fund established in 2023 and managed by \u00c5landsbanken Funds Ltd, a wholly-owned subsidiary of the Bank of \u00c5land Plc. The fund invests in the development of a large-scale offshore wind project Noatun North, located in north of \u00c5land, together with Swedish renewable energy company OX2. The fund\u2019s investors are professional investors.<\/p>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

Euroports Group and Noatun project companies, jointly held by OX2 and \u00c5landsbanken Offshore Wind I LP, a fund managed by \u00c5landsbanken Funds Ltd, have todaysigned a Letter of Intent (LoI) to establish Koverhar Harbour in Hanko as a key logistics hub for the construction of the offshore wind farm project Noatun North, including an option […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-5651","post","type-post","status-publish","format-standard","hentry","category-general"],"acf":[],"yoast_head":"\nEuroports and Noatun project companies held by OX2 and \u00c5landsbanken Offshore Wind I Sign a Letter of Intent to Develop Koverhar Harbour as a Strategic Offshore Wind Hub - Port of Hanko Finland<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/portofhanko.fi\/en\/2025\/04\/euroports-and-noatun-project-companies-held-by-ox2-and-alandsbanken-offshore-wind-i-sign-a-letter-of-intent-to-develop-koverhar-harbour-as-a-strategic-offshore-wind-hub\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Euroports and Noatun project companies held by OX2 and \u00c5landsbanken Offshore Wind I Sign a Letter of Intent to Develop Koverhar Harbour as a Strategic Offshore Wind Hub - 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