Offshore wind power has become a significant contributor to Scandinavia’s renewable energy efforts. Here, we highlight the developers of the three largest offshore wind projects in Scandinavia.
1) Ireland-based Mainstream Renewable Power & Sweden-based Hexicon: Mareld Wind Park (Sweden)
Freja Offshore AB is a collaboration between Mainstream Renewable Power in Ireland and Hexicon in Sweden. The partnership has proposed a major offshore wind project in Sweden known as the Mareld Wind Park. It is located approximately 40 kilometers west of Orust Island within Sweden’s economic zone. Mareld is projected to generate 12 TWh of energy annually, meeting two-thirds of the electricity demand in the Västra Götaland region.
Mainstream Renewable Power is a leading renewable energy company, with wind and solar assets spanning global markets, including Europe, Latin America, Africa, and Asia-Pacific. Renowned for its success in developing gigawatt-scale renewables platforms, the company has delivered 6.5 GW of wind and solar generation assets to financial close-ready status. With a global pipeline of 20.6 GW, Mainstream Renewable Power demonstrates its commitment to advancing renewable energy solutions on a large scale. Hexicon, rooted in Sweden’s industrial heritage, leads the way in advancing floating wind technology worldwide. Hexicon’s ongoing projects are spread across different stages and locations globally: They are strategically positioned in areas where floating offshore wind is the most viable sustainable option.
2) Sweden-based Vattenfall & Finland-based Metsähallitus: Korsnäs Offshore Farm (Finland)
Vattenfall, a Swedish energy company, and Metsähallitus, a Finnish corporation, have teamed up. They are planning to launch a large-scale offshore wind project in Finland, the Korsnäs Offshore Farm. With a capacity of 1.3 gigawatts (GW), this project will produce 5 TWh of energy annually. Situated along the Korsnäs area on Finland’s western coast, the project will begin operations in the early 2030s.
Vattenfall is among Europe’s biggest electricity and heat producers and sellers. Its primary markets include Sweden, Germany, the Netherlands, Denmark, and the UK. With around 21,000 employees, Vattenfall Group operates under the ownership of the Swedish state. Metsähallitus, a state-owned enterprise as well, provides environmental services to a wide range of clients, from individuals to large corporations. The company focuses on the sustainable utilization, management, and conservation of state-owned land and water areas. Metsähallitus strives to balance the various interests of landowners, clients, and stakeholders in its operations.
3) Sweden-based Eolus Vind AB: Västvind Project (Sweden)
Eolus Vind AB, a Swedish developer, has introduced the Västvind offshore wind project within Sweden’s economic zone. This initiative will consist of up to 50 turbines with a combined capacity of 1,000 MW, producing around 4 to 4.5 TWh annually. Positioned near the Port of Gothenburg, construction is set to commence in 2027, with operations beginning by 2029. Simultaneously, Eolus Vind AB retains a 95% ownership stake, while the Gothenburg Port Authority holds a 5% share. Eolus is developing projects across Sweden, Norway, Finland, the Baltics, Poland, the US, and Spain. In Sweden, Eolus has made significant contributions to the wind power sector. The company developed approximately 13% of the country’s wind turbines. Nearly half of its entire project portfolio concentrates on Sweden, where the company has established a solid foundation.
Image: Alexander Mils via Unsplash (12.04.2024)
