Vattenfall, OX2 To Build 1.6-GW Offshore Wind Power In Sweden

Global renewable energy developers Vattenfall and  OX2 have received permission from the Swedish government to build 1.6 GW of offshore wind energy in Sweden waters. Vattenfall will be developing 1.2GW and OX2 has 400 MW in its kitty.

Vattenfall has disclosed that the Swedish Government allowed it to develop 1.2 GW Kattegat Syd offshore wind farm. Vattenfall held that it started evaluating the possibility of the Kattegat Syd wind project in 2020. The project will have 80 wind turbines to makeup the said capacity.

OX2 will be constructing the northern part of the offshore wind energy project Galatea-Galene on the west coast of Sweden. The total capacity of the permission grant is 400 MW while the entire offshore project Galatea-Galene comprised 1.7 GW.

OX2 is Sweden’s leading developer of renewable energy and besides Galatea-Galene the company is developing two more offshore projects in Sweden. The government is yet to decide on these projects called Triton, south of Sweden (1.7 GW) and Aurora between the islands of Öland and Gotland (5.5 GW).

Last year OX2 sold 49 percent of the three Swedish offshore wind projects to Ingka Investments. Following the agreement with Ingka Investments OX2 will receive about Skr 1 million per MW (EUR 89,000/MW) for the 49 per cent of the planned total capacity once all permits have been received and the parties have decided to continue the realization of the projects.

Paul Stormoen, CEO, OX2, said, “It is very positive that the government takes initiative to build out the offshore wind power in Sweden. We look forward to a constructive discussion on how the projects can be realized in the fastest and most cost-efficient way to secure that Sweden can have a considerable addition of emissions-free electricity by 2029.”

OX2 also develops offshore wind projects outside of Åland with a potential capacity of more than 5 GW, and in Finland with a potential capacity of 6 GW. OX2 recently announced a sale of 49 percent of the Finnish projects to Ingka Investments.