Vattenfall Buys 85% in Two Early Stage Offshore Wind Projects in Sweden

Credit: © glimpseofsweden / AdobeStock
Credit: © glimpseofsweden / AdobeStock

Swedish utility Vattenfall said on Monday it had agreed to buy an 85% stake in two early-stage offshore wind projects off Sweden's west coast from Norwegian wind farm developer Zephyr.

State-owned Vattenfall said in a statement it expected the projects to have a combined production capacity of 2.8 gigawatts (GW) and to generate 10.5 terawatt hours (TWh) of electricity annually once fully developed.

It did not provide a purchase price for the stake nor a timeline for the project's construction.

(Reuters - Reporting by Anna Ringstrom, editing by Terje Solsvik)

Current News

Cadeler Gets Turbine and Foundation Installation Job for UK Offshore Wind Farm

Cadeler Gets Turbine and Found

Shearwater Nets Petrobras Contract for 3D Survey Off Suriname

Shearwater Nets Petrobras Cont

Black & Veatch, Baker Hughes Combine Tech for Optimized Mid-Scale LNG Solution

Black & Veatch, Baker Hughes C

Saudi Aramco’s Quarterly Profit Goes 15% Down

Saudi Aramco’s Quarterly Profi

Subscribe for OE Digital E‑News

Offshore Engineer Magazine