Forestry, paper firm Holmen decides on new wind project in Sweden

Swedish forestry and paper company Holmen AB (STO:HOLM-B) said on Monday that it has decided to invest SEK 1.5 billion (USD 142m/EUR 131m) to build a 14-turbine wind farm on its land in northern Sweden.

The facility will be located in Skelleftea municipality and will be realised in partnership with German wind turbine maker Nordex SE (ETR:NDX1). It is expected to become operational by 2026, according to a statement.

The Blisterliden Wind Farm will increase Holmen’s annual production of renewable energy from water and wind by 360 GWh to just over 2 TWh.

Holmen first applied for the project back in 2015, seeking to build 33 wind turbines. Following consultations and project amendments, the Administrative Board of Vasterbotten County in 2023 cleared the scheme but allowed the construction of 14 machines.

In addition to the operational Varsvik and Blabergsliden wind farms, Holmen has around 30 projects in various stages of development, from in-depth analysis to permit applications. Next in line is the Stormyrberget wind project in Vasternorrland. The latter will be realised jointly with Vattenfall and a final investment decision on it is expected in 2025.

(SEK 10 = USD 0.946/EUR 0.873)

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