Oxan Energy

What Oxan Energy does

Oxan Energy is a France-headquartered offshore wind project developer founded in 2023 by former Eolfi/Shell managers. The company specializes in floating offshore wind, where deep-water deployment enables access to stronger and more consistent wind resources than bottom-fixed technologies, while its scope also extends to fixed-bottom projects through French tender participation. Operationally, Oxan runs the full lifecycle of offshore wind project development: site characterization (metocean, geophysical, geotechnical, environmental studies), design engineering, consortium formation, permitting, financing, and oversight through construction and operations. Its team of roughly 20-30 professionals carries an average of 15 years of floating offshore wind experience and includes operators who delivered the Groix & Belle-Ile pilot and contributed to the Scotwind (5 GW) win.

The company's product is its project portfolio rather than a piece of software or hardware. Active and prospective projects include Avara (formerly Saare 1), a 900 MW floating wind farm off Estonia's Saaremaa island with expected commissioning in 2033; Dentice, a 1.14 GW floating project in the Strait of Sicily that entered permitting in May 2026; the Sicily South and Sardinia Northwest projects totaling approximately 1.3 GW developed through the NexVenti joint venture; and bids into France's AO9 and AO10 tenders covering up to 2.5 GW and 10 GW respectively. The company is pre-revenue today; its long-term commercial model is to monetize first through development fees during consortium execution and ultimately as an Independent Power Producer (IPP) that develops, owns, and operates its offshore wind assets.

Oxan operates an enterprise, consortium-based go-to-market. It bids for government-issued offshore wind tenders in partnership with strategic investors (notably Ingka Investments, IKEA's investment arm, through the NexVenti joint venture), local developers (Avapa Energy in Italy), financial advisors (SNOW BV), and regional technical specialists (Ocean Connect Energy). Its primary 'customers' are national energy authorities — Estonia's TTJA, Italy's MASE, and the French State. Backed by SWEN Capital Partners via the SWEN Impact Fund for Transition, the company has offices in Paris (two locations) and Nantes, and has begun establishing on-the-ground presence in Estonia via its Tallinn-based Saare 1 Project Director.

Name

Oxan Energy

Legal name

OXAN ENERGY

Website

https://oxan.energy

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

11–50 employees

Short description

Oxan Energy is a France-based offshore wind developer founded in 2023, specializing in floating offshore wind projects across France, Estonia, and Italy, backed by SWEN Capital Partners and partnering with Ingka Investments via the NexVenti joint venture.

Ownership category

akta.pro rank

Product category

Offshore Wind Project Development

NAICS

Wind Electric Power Generation (221115)

akta.pro primary industry

Wind Farm Development & Permitting (Greenfield/Brownfield) (EUACAFAE)

akta.pro secondary industry

Wind Farm Ownership & Operations (IPP/Utility-Owned Asset Operations) (EUACAFAF)

Keywords

• Floating offshore wind
• Offshore wind development
• Wind farm project development
• Renewable energy projects
• Wind energy infrastructure

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. Project Development Fees: Revenue generated through consortium participation in government tenders and project development services for offshore wind farms
2. Co-investment and Project Ownership: Long-term vision to become an Independent Power Producer (IPP), developing, owning and operating offshore wind assets to generate electricity sales revenue

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Oxan Energy develops floating and bottom-fixed offshore wind projects, providing full project development services including site characterization, engineering design, environmental and permitting work, consortium formation, and project lifecycle management from tender through to operations. The company generates electricity-generating assets such as the Avara (900 MW, Estonia), Dentice (1.14 GW, Italy), and consortium projects in Italy and France, and aims to become an Independent Power Producer (IPP).

Product overview

Oxan Energy is a developer of offshore wind projects, specializing in floating offshore wind technology. The company offers a portfolio of wind farm development services including project origination, engineering design, environmental studies, stakeholder consultation, financing structuring, and project management. Their product portfolio includes specific wind farm projects: Avara (900 MW in Estonia), Dentice (1.14 GW in Italy), Sicily South and Sardinia Northwest (totaling 2.45 GW in Italy), and multiple projects in response to French tenders AO9/AO10. The company positions itself as a partner to offshore wind projects, bringing technical expertise and consortium capabilities from development through construction and operations.

Differentiator

Problem solved

Functional benefit

Products and services

• Avara (formerly Saare 1) offshore wind project 900 MW floating offshore wind project located 60 km off the coast of Saaremaa, Estonia's largest island. Aimed to become the first floating offshore wind farm in the Baltic Sea, with commissioning expected in 2033; developed by Oxan Energy together with SNOW BV and Ocean Connect Energy.
• Dentice offshore wind project 1.14 GW floating offshore wind project located off the southern coast of Sicily in the Strait of Sicily, designed for water depths of 280 to 650 metres. Currently in the permitting phase with EIA submitted to Italian MASE; expected to supply up to 1.5 million households.
• Sicily South offshore wind project Offshore wind project off Sicily, Italy, being developed in partnership with Ingka Investments and Avapa Energy via the NexVenti joint venture. Part of Oxan Energy's Italian floating offshore wind pipeline (together with Sardinia Northwest, totaling 2.2-2.45 GW across both sites).
• Sardinia Northwest offshore wind project Offshore wind project off Sardinia, Italy, being developed in partnership with Ingka Investments and Avapa Energy via the NexVenti joint venture. Part of Oxan Energy's Italian floating offshore wind pipeline (totaling 2.2-2.45 GW across both Italian sites).
• French AO9 / AO10 offshore wind tender projects Offshore wind projects developed for France's AO9 (2.5 GW across 4 zones, pre-qualified with Ingka Investments) and AO10 (10 GW across 11 projects covering both bottom-fixed and floating offshore wind) tenders. Includes potential sites in South Brittany, Occitanie, Provence-Alpes-Côte d'Azur, and South-Atlantic.

Quantifiable outcome

• Won Estonia's first floating offshore wind tender (900 MW Saare 1/Avara project)
• +3 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core.

• Avapa EnergycoreStrategic or Co-development Partner · 1 March 2025Italian developer Avapa Energy partnered with Oxan Energy and Ingka Investments for offshore wind development in Italy. Avapa brings local regulatory expertise and has been active since 2019 structuring renewable projects. Previously partnered with Ingka on solar PV projects in Italy since 2023.
• SNOW BVcoreStrategic or Co-development Partner · 1 January 2025Dutch financial advisory firm specialized in renewable energy, partnered with Oxan Energy for the Saare 1/Avara project in Estonia. SNOW assists developers in finding optimal financing for their projects.
• Ocean Connect EnergycoreStrategic or Co-development Partner · 1 January 2025Baltic-based specialist offshore wind developer, partnered with Oxan Energy and SNOW for the Saare 1/Avara project in Estonia. Brings regional expertise in Baltic Sea offshore wind development.
• NexVenticoreStrategic or Co-development Partner · 1 March 2024Joint venture between Oxan Energy and Ingka Investments created to develop offshore wind projects. Currently advancing Italy projects (Sicily South and Sardinia Northwest) with Avapa Energy.

Scale indicators11 records

Recent moves6 records

Expansion highlights5 records

Market position

Strengths4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/oxan-energy

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Oxan Energy