SCA has announced the signing of a cooperation agreement with OX2 for project planning to add new wind power capacity in Sweden.
The agreement has been signed to realize approximately 1,000MW new wind power in a span of five-years and the projects are expected to have an annual production capacity of approximately 3.5TWh.
SCA owns 2.6 million hectares of environmentally certified forest in northern Sweden, while OX2 develops, constructs and manages renewable power generation facilities.
SCA and OX2 have recognized a small number of areas that are suitable for wind power in Norrland County and both the companies have started developing four projects, while further areas are anticipated to be considered.
SCA wind energy head Milan Kolar said: “OX2 has huge experience with such projects, from the development stage to commissioned wind farms. This makes OX2 the ideal partner to further SCA’s ambition for growth in the renewable energy sector.”
SCA and OX2 both have involved in development of wind power, with 324 operational wind turbines on SCA’s land, equivalent to approximately 13% of Sweden’s wind power production and OX2 has contributed to the development of around 12% of the wind power production in Sweden.
OX2 project development manager Hillevi Priscar said: “It is strength to be able to work with such a competent, experienced and locally supported partner as SCA. OX2 and SCA complement each other and have a very flexible way of working, meaning we can make quick decisions.
“Together, we have an excellent background, in connection with other stakeholders, for the achievement of our common objectives and can contribute to the transition towards a 100% renewable energy system in Sweden.”
As a major player in large-scale onshore wind power, OX2 claims to have more than 2GW of wind power generated in the Nordic region. The company has operations in Sweden, Norway, Finland, Poland, Lithuania, France and Germany. With its head office in Stockholm, Sweden, the company generated sales revenue of SEK4,136m ($431m) in 2018.