SCA joins forces for new wind power project
Tork manufacturer SCA has joined forces with Fred Olsen Renewables in a bid to construct a wind farm on SCA’s land in northern Sweden.
Wind measurements in the area will begin this summer aimed at preparing documentation for an environmental assessment of the proposed wind farm.
“SCA has major areas of land that are highly suitable for wind-power production,” says Åke Westberg, head of SCA Energy.
“This project enables SCA to further strengthen its concentration on wind power, which is entirely in line with the group’s strategic focus on the increased production and consumption of renewable energy.”
The forest area earmarked for the project has a potential annual wind power production of around 2 TWh.
SCA and Norwegian-based Fred Olsen Renewables are forming a company to be named FORSCA AB of which SCA will own 40 per cent and Fred Olsen Renewables will own 60 per cent. SCA will provide the land resources while Fred Olsen Renewables will arrange the financing of the co-owned company.
“This is our most important investment to date in Sweden, and we are pleased to co-operate with SCA which has long industrial experience in the region,” says Torger Lien, managing director of Fred Olsen Renewables.
“We view the collaboration as a valuable opportunity to deliver renewable energy also to Nordic clients.”
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