Holmen to build wind farm in jointly-owned company
Holmen has decided to build a wind farm in the municipality of Norrtälje in a jointly-owned company. The annual production is an estimated 165 GWh and the wind farm is planned to commence operation in autumn 2014.
The decision now marks the start of installation of 17 wind turbines with an installed power capacity of a total 51 MW and an expected annual production of 165 GWh. An environmental permit has already been obtained. According to the plan, the turbines will be taken into operation in autumn 2014.
“This project will exploit Holmen’s excellent opportunities to produce wind power on its own land,” says Holmen’s President and CEO Magnus Hall. “It is also an important element in our focus on renewable energy, set to increase our self-sufficiency in electricity.”
“It is a great opportunity for Eurofideme 2 to be co-investing in this project of national interest for wind in the Stockholm County with a high quality partner like Holmen” commented Raphael Lance, Director of Eurofideme 2.
The cost of constructing the wind farm is an estimated SEK 650 million and will be financed by a bank loan to the jointly-owned company plus capital from shareholders Holmen and Eurofideme 2.