Finnish energy company Fortum has made a final investment decision on a 75 MW wind project in Sweden.
Construction on the $112m Solberg wind park is due to start in the summer with ground works and it is expected to start production in early 2018. It will be powered by 22 Vestas turbines.
Swedish power company Skellefteàƒ¥ Kraft has an option to take a 50 per cent stake in the project and is expected to make this decision in the second quarter of this year.
Fortum says the project is an important step in the implementation of its newly-announced strategy to grow its business in wind and solar power. The company aims to grow its prescense in these sectors by “developing new projects and selective acquisitions”.
Kari Kautinen, senior vice-president of solar and wind development at Fortum. said: “Sweden is a natural choice for Fortum in wind power. It is one of our largest home markets and there we have the majority of our hydro capacity that is crucial in balancing the variability in wind power production.”
Hans Kreisel, Skellefteàƒ¥ Kraft’s chief executive, said: “There aren’t that many sites in Sweden that have wind conditions suitable for large scale, land-based wind power parks, so this is a rare investment opportunity.”