Vattenfall buys new Swedish project

Utility Vattenfall is taking over a Swedish development. It happens to be a short distance from the huge project which the Swedish Utility, Vestas and pension fund PKA invested millions in earlier this year.

The 78 MW Stor-Rotliden was Sweden's largest wind farm when the 40 V90 turbines were installed in winter 2011. Now, Vattenfall has bought a larger project in the vicinity. | Photo: Vattenfall

The increased investment on Swedish onshore wind continues for Vattenfall. Just one month after the utility bought the 125 MW Klevberget project, it announced the acquisition of the Vargträsk project from Nordic Vindkraft. This project has received environmental approval for up to 21 turbines, which translates to approximately 80 MW, approximately one quarter more than planned.

However, Vattenfall has not yet made an investment decision for Vargträsk and expects to carry it out in 2020. At that point in time the project will be 10 years in the major after it was first approved in December 2010. This was followed by several years of standstill due to local complaints and further investigations before the Swedish wind market began to dwindle.

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