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Sweden's SCA, Norway's Statkraft in $2.4 billion wind power venture  

Swedish package and paper products company Svenska Cellulosa AB and Norwegian power company Statkraft Friday said they would invest 16 billion kronor (€1.73 billion; US$2.4 billion) in wind power in northern Sweden.

The companies said the wind power venture would involve production of 2,800 gigawatt hours, or GWh, of wind power electricity a year, accounting for between two to three percent of Sweden’s electricity production.

The joint venture will consist of around 400 windmills in seven wind farms in northern Sweden. Statkraft will provide financing and SCA the land.

“Swedish industry needs more energy production and the world needs energy production that does not cause increased emissions of greenhouse gases,” said Kenneth Eriksson, president of SCA Forest Products.

Associated Press

International Herald Tribune

14 September 2007

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

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