Skanska, Jamtkraft invest $180 million in new wind farm in Sweden21 August 2012
Skanska Infrastructure Development and Jamtkraft have invested about SEK1.2 billion ($180 million) in a wind power plant in Jämtland, Sweden.
Both, Skanska and Jämtkraft hold equal stake in the project. The construction contract for Skanska is worth about SEK200 million ($29.97 million). The contract is booked in the third quarter 2012.
The new wind farm, named Mullberg Wind Park, is located at Rätan in Berg Municipality, Jämtland. The plant will be developed by Eolus Vind AB, wind power project developer in Sweden with extensive experience in the development of appropriate locations for establishing wind power.
The wind farm is located on two spaced elevation ridges in the terrain with altitude of 520-600m above sea level. The permit allows for 31 turbines in a combined generating capacity of 80MW and a total height of 180m and an annual production of more than 200GWh, which will be able to support approximately 45,000 households.
Skanska enters the project as an investor and contractor together with the power company Jämtkraft, who contributes with knowledge of electricity, production and trading business. The procurement for turbine supplier has begun.
Göran Carlberg, development director at Skanska Infrastructure Development, said that with the completion of the Mullberg Wind Park, Skanska will produce more electricity than we dispose of in all our construction sites and in all our properties in Sweden. Skanska will eventually be able to offer green, self-produced electricity for our own developed residential, industrial and office properties.
Jemtska, a company jointly owned by Skanska and Jämtkraft, is the building contractor and is responsible for building the wind farm and connection to the mains. Work has started and electricity generation is expected to begin in 2013. The necessary approvals have been obtained.