Majority stakes bought by Vattenfall in offshore wind projects

Vattenfall is purchasing the bulk amount of stakes in two offshore wind projects based off the coast of Gothenburg from wind power company Zephyr.

The Swedish energy firm’s ownership in the Vidar and Poseidon wind farms, which are expected to have a combined capacity of 2.8GW, will measure to 85%.

They will mainly consist of floating wind turbines and generate 10.5TWh of green electricity annually once fully advanced.

“Vattenfall aims to enable fossil-free living and to support industries and society at large on the Swedish west coast by providing more renewable electricity and this is an important step towards that target, Helene Biström, Head of Business Area Wind at Vattenfall stated.

“These two projects will add significant volume of cost-effective fossil free electricity in an area with high demand. They will also support our development of the important floating technology which is expected to reduce the environmental impact of the wind farms, as well as enable offshore energy production at sites further away from shore.”

Majority stakes bought by Vattenfall in offshore wind projects

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