Norway’s Zephyr invests in Swedish wind project
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Norway’s Zephyr company says it is planning a wind energy project with a capacity of 1.4 GW for the Swedish shelf on that country’s west coast, about 40 km from Gothenburg, and has already launched consultations on its construction.

    The project, dubbed “Poseidon”, will be divided into two zones, each equipped with between 61 and 94 turbines. Approval for the project is anticipated for next year and it will start operations in 2031. Plans call for the project to generate about 5.5 TWh of power a year.

    Previously, the company Englight Renewable Energy and Prime Green Energy Infrastructure Fund clinched a deal on a wind energy complex with a capacity of 372 MW in Sweden – to be completed with financing of 300 million euros ($367 million) from three banks. The project is to start operations in 2022.

    Sweden has long been one of the leaders in terms of the ratings established by the World Economic Forum on progress in moving towards clean energy.

     Emissions in Sweden are lower than in the majority of other countries – 80 % of its energy is produced by nuclear and hydropower stations. The share of wind energy in the energy balance stands at 12 % — and a further 9 % is accounted for by combined power stations with biofuel.

    The country plans by 2022 to boost to 10.6 TWh the volume of electricity produced by renewable sources. Sweden and Norway operate green certificates for every MW of electricity generated over 15 years. Power suppliers can secure these certificates in both countries – they are valid until 1st April 2046.

    The Swedish Wind Energy Association expects that the volume of energy produced by wind over the next 20 years will increase by a factor of 4.5 to 90 TW. That will make wind energy responsible for more than half the electricity produced in the country.

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