OX2 has signed a cooperation agreement with TMV Green Oü to develop about 500 MW onshore wind projects in Estonia. TMV Green will be responsible for land use, licensing, and grid connection and OX2 will be responsible for the financing, construction, and implementation of the projects in the portfolio. The projects OX2 and TMV Green will cooperate around are in an early phase and is not part of OX2's project development portfolio.

OX2 and TM Voima, the sister company of TMV Green, started their first cooperation in Finland in 2018 and this agreement will significantly expand OX2's operations in Estonia.