Some of the world’s largest offshore wind farms could be operating in Swedish waters by the end of the decade, OX2 chief executive Paul Stormoen told Recharge, after announcing a massive deal with the investment arm of Ikea parent Ingka Group.

The Nordic developer earlier Monday had said Ingka Investments will take a 49%-stake in three giant offshore wind projects in the Baltic Sea and Kattegat Strait (off western Sweden) that are slated to have a joint capacity of 9GW.