Publications

Eolus and SCA plan to develop 1 GW of wind projects in Sweden, Latvia and Estonia

10 Jul 2020

Sweden-based wind power developer Eolus has signed a partnership agreement with the Swedish pulp and paper company SCA to develop 1 GW of wind projects in Sweden, Latvia and Estonia. The plants would be developed on land owned by SCA, which currently produce 5 TWh/year.

In addition, the French investment fund Ardian has reached a financing agreement with KfW IPEX-Bank, an affiliate of German state-owned development bank KfW, for its 286 MW Åndberg wind project in Sweden. The 20-year financing pact is underpinned by a 10-year power purchase agreement (PPA) with Swedish municipal power company Skelleftea Kraft for one-third of Andberg’s output. Commissioning is scheduled in 2021.

In 2015, the Swedish parliament set an objective to produce 10 TWh/year of electricity from wind (4 TWh onshore and 6 TWh offshore) or other renewables, and 30 TWh/year by 2020 (20 TWh onshore and 10 TWh offshore). As of July 2020, wind power accounted for 22% of Sweden’s total capacity with around 9.1 GW. More than 3.5 GW are under construction and 8.9 GW under development.

Register to receive our daily newsletter


Interested in Power Plants?

Enerdata has developed a market research service to screen, monitor and analyse the development of power generation assets.

Power Plant Tracker offers an interactive database and a powerful search engine covering power plants worldwide – including both installed and planned capacities for renewables and fossil fuels.