Private equity firm Altor Fund Manager (via its Altor Fund V) has signed a deal to buy a 30% stake in OX2, one of Europe’s leading renewables developers for an undisclosed amount, in another sign of the attractiveness of the buoyant Nordic renewables market.

That reduces the share of OX2’s parent, Sweden’s Peas Industries, to 70%.

“We are pleased to have Altor as a partner in OX2.