OX2 completed the acquisition of ESCO Pacific for AUD126m.

OX2, a developer and operator of renewable energy projects, completed the acquisition of ESCO Pacific, a renewable developer, for AUD126m. “I am very happy to announce our entry into the Australian market and to welcome an experienced local team to OX2. Through this transaction, we get an attractive development portfolio in a growing renewables market, while also significantly strengthening our capabilities within solar and energy storage. This gives us a solid foundation for profitable expansion in Australia," Paul Stormoen, OX2 CEO.