Important starting point for joint wind farm

The inauguration marks the start of a different form of partnership, new both for Vattenfall and Skandia. Vattenfall, with many years in the wind business, has no similar experience of external co-financing and co-ownership in wind power. Skandia invests heavily in infrastructure but has not been present in the energy industry earlier.

“Vattenfall currently has 17 wind power projects at different development stages in our portfolio in Sweden. We have ambitious plans for a 100 percent renewable energy system. Co-financing with Skandia enables further expansion. That’s good for our respective customers and it’s good for Sweden”, says Ingrid Bonde, CFO and vice president Vattenfall.

A total of four wind farms are included in the joint company; Hjuleberg and Högabjär-Kärsås in Falkenberg municipality, Juktan in Sorsele municipality and Höge Väg. All four are in operation and Hjuleberg was inaugurated in 2014.

“Skandia has successfully increased investments in infrastructure and this wind power venture is important for us. By investing in wind power, the returns from pension capital are twofold; one is the return of investment but it also contributes to a more sustainable energy system”, says Frans Lindelöw, CEO Skandia.