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SCA to invest in wind power in northern Sweden

May 12 2011  SCA and the Norwegian company Fred Olsen Renewables are forming a jointly owned company to focus on constructing a wind farm in northern Sweden. The area has a potential annual wind-power production of about two TWh.

SCA and Fred Olsen Renewables are forming the company Forsca AB, of which SCA will own 40 percent and Fred Olsen Renewables 60 percent. SCA will provide the land resources, while Fred Olsen will arrange the financing of the co-owned company.The co-owned company initiates wind measurements in the area in the summer 2011 aimed at preparing documentation ahead of an environmental assessment of the wind farm.The measurement and assessment of wind-power locations, to be conducted in the coming year, will determine the extent to which the potential will be realised. The planned wind farm is located in the highlands east of Näsåker in the municipality of Sollefteå, northwest of Sundsvall, Sweden.“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.”

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