Energia
Port of Gothenburg purchases shares in Eolus's Västvind offshore project
The Gothenburg Port Authority will become a partner in Eolus's Västvind offshore wind power project, outside Gothenburg. The farm will be able to generate renewable electricity corresponding to the current electricity consumption of all of Gothenburg.
The Port of Gothenburg is facing a green transformation that will entail a sharp increase in the port's electricity needs already during the period up until 2030. The port's forecasts for future electricity consumption show a multi-fold increase in the need for power.
There is already a severe deficit in electricity generation in the region, and demand for electricity is expected to double by 2035.
The Västvind wind farm is planned to have an installed capacity of 1,000 MW, with the potential to generate 4–4.5 TWh of renewable electricity per year. This corresponds to the current need for electricity and power of the entire city of Gothenburg. The farm could potentially be ready in 2029.
The partnership means that Gothenburg Port Authority will acquire 5% of the shares in the project company that owns Västvind, and Eolus will remain as the owner of 95%.
The Västvind wind farm is situated in the municipalities of Kungälv and Öckerö, as well as in the Swedish economic zone. The wind farm is expected to have installed capacity of 1,000 MW and the potential to generate 4–4.5 TWh of renewable electricity every year. Eolus is now conducting a number of investigations and dialogues to facilitate co-existence with other stakeholders such as commercial fishing and maritime traffic. The plan is to submit the permit application with the accompanying environmental impact assessment, to the Land and Environment Court and the Government in 2023. Start of construction is planned for 2027, and completion for 2029.
Permit application to be submitted in 2023
1,000 MW
4–4.5 TWh per year
Eolus Wind, 95%; Göteborgs Hamn AB, 5%
2027
2029
Per Witalisson, CEO Eolus, +46 (0)702 65 16 15
Karin Wittsell Heydl, Head of Communications and Sustainability, +46 (0)761 16 71 99
Stefan Strömberg, PR and Communications Manager Gothenburg Port Authority, +46 (0)704 36 01 51
The Port of Gothenburg is the largest port in Scandinavia. Almost 30% of Sweden's total foreign trade passes through the Port of Gothenburg, including around 50% of all container traffic. The Port of Gothenburg is a full-service port and a climate-smart guarantee of global access for business. Direct traffic to key markets guarantees highly efficient, sustainable, and reliable transport around the clock, all year round. The focus is on sustainability, innovation, and digitization in order to drive the development of climate-efficient cargo transport and berthing. 30 railway shuttles with daily departures mean that companies throughout Sweden and Norway can have a climate-neutral direct connection to the largest port in the Nordic region. The Port of Gothenburg has terminals for energy, vehicles, ro-ro, containers, and passengers. The port employs 22,000 people.
Eolus is one of the leading developers of renewable energy in the Nordics and we are active in the whole value chain from development of green field projects to construction and operation of renewable projects. We offer attractive and competitive investments in the Nordic and Baltic countries, Poland and the United States. Founded in 1990, Eolus has constructed 738 wind turbines with a capacity of 1,814 MW. Eolus has signed contracts for about 1,150 MW of asset management services of which 882 MW are in operation. Eolus' Class B share is traded on Nasdaq Stockholm Mid Cap. For further information, please visit www.eolusvind.com.
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