Fortum takes 40% stake in giant Swedish wind project

Fortum's Headquarters building

Fortum's Headquarters building

Finnish energy company Fortum has acquired a 40% in the 250MW Blaiken wind energy project in northern Sweden, from Swedish company Skellefteå Kraft , which will continue to hold a majority stake in the project.

The two companies’ joint venture Blaiken Vind AB is planning to begin preparatory work at the wind farm site this autumn, with construction to begin in 2011 and the wind farm due to be completed in 2015. The two companies will invest around €400m in the project.

Blaiken will be one of the biggest onshore wind farms in Europe. Studies show that wind conditions at Blaiken are particularly good in the winter months when power demand in Sweden is highest, while the presence a hydropower plant in the region will allow a Log in to read complete article.

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