Gothenburg Port Authority buys minority stake in 1 GW Swedish offshore wind power project
The Gothenburg Port Authority has announced a 5% stake acquisition in Eolus Vind's Västvind offshore wind farm project in Sweden. The acquisition makes the authority a partner in the project, with Eolus retaining ownership of the remaining 95%. Västvind is an important step towards creating more domestic renewable energy sources, addressing the deficit in electricity generation in the area, with demand for electricity expected to double by 2035.
Located in the municipalities of Kungälv and Öckerö, and in the Swedish economic zone, the wind farm has an installed capacity of 1 GW and the potential to produce 4.5 TWh of renewable electricity annually. This is equivalent to the energy needed to power the entire city of Gothenburg. However, this project is not expected to be operational until possibly 2029.
The development of Vastvind contributes to Sweden's ambition to become a 100% renewable energy system by 2040, becoming one of the EU's first fossil-free welfare countries.
Country updates
-
-
April 19, 2023
Hexicon, Mainstream file application for 2.5 GW Swedish floating offshore wind project
Hexicon and Mainstream Renewable Power have submitted an application for the development of the 2.5 GW Mareld renewable energy project in Sweden, which is set to be the world's largest floating offsho...
Read more -
April 17, 2023
Skyborn plans to develop 3.9 GW offshore wind project off the coast of Gävleborg
Skyborn Renewables has submitted a permit application to the Swedish government to build the 3.9 GW Eystrasalt offshore wind project in the Bothnian Sea. The company has planned to construct up to 256...
Read more -
April 04, 2023
Helios Nordic sells ready-to-build solar farms to Nordic Solar
Helios Nordic Energy AB has entered into an agreement with Nordic Solar for the sale of two solar photovoltaic projects located in Sweden. The first project is close to Hultsfred airp...
Read more -
March 24, 2023
United Caps, Renantis sign PPA for 46.8 MW wind project in Ornskoldsvik
United Caps has signed a corporate power purchase agreement (PPA) with Renantis SpA for a portion of the output from its 46.8 MW Alinden wind project based in Sweden. Under the agreement, United Caps...
Read more -
March 22, 2023
Floating Solar: A New Frontier in Renewable Energy
Researchers from China, Thailand, Sweden, and the United States have assessed the potential for generating electricity through floating solar photovoltaic (FPV) systems worldwide using a performance m...
Read more
