Noatun South is the southern component of the large Noatun offshore programme being developed by OX2 together with Ålandsbanken-backed project companies in the Åland maritime zone of the Baltic Sea. Intended as a multi-gigawatt project, Noatun South has been reported in public sources with a name...
Euroports Group and the Noatun project companies jointly owned by OX2 and Ålandsbanken Offshore Wind I LP signed a Letter of Intent to develop Koverhar Harbour in Hanko, Finland, as a key logistics hub for constructing the Noatun North offshore wind farm, with an option to use the port infrastructure for Noatun South as well, marking a major step in securing port capacity and supply-chain arrangements for the multi‑gigawatt Noatun projects.
By August 2023, OX2 and Ålandsbanken Fondbolag had completed underwater nature field surveys for the Noatun North and Noatun South offshore wind projects near Åland, using methods including environmental DNA (eDNA) sampling to map fish populations and identify several species not previously recorded by Åland authorities.
By May 2023, the Noatun North and Noatun South offshore wind projects in Åland were being jointly developed by OX2 and Ålandsbanken, as reported in an overview of Finland’s offshore wind pipeline. The article lists “Noatun North and South” with OX2 and Ålandsbanken as co-sponsors for a combined 10GW build-out and notes that OX2 is working with the Bank of Åland to develop around 700 turbines north and south of the Åland Islands, targeting about 40TWh of annual production. This confirms a co-development ownership structure between OX2 and Ålandsbanken for the Noatun projects, which encompasses the Noatun South Export transmission system.
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Noatun South Offshore Wind Farm, Noatun Syd, Noatun South, Noatun Södra
In September 2022, OX2 and Ålandsbanken Fondbolag signed a binding agreement to jointly develop the Noatun South and Noatun North offshore wind farms near Åland, formalising their earlier cooperation and establishing a co-development structure for both multi‑gigawatt projects.
In September 2022, OX2 and Ålandsbanken Fondbolag signed a binding agreement to develop the Noatun North and Noatun South offshore wind farms and commenced analysis and environmental impact assessment work for the projects after the Government of Åland granted permission for site investigations.
In November 2021, OX2 and Ålandsbanken Fondbolag signed a letter of intent to develop the Noatun South offshore wind project south of Åland, envisaged to comprise around 250 turbines with a total capacity of 3 GW.
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