SCA and Statkraft Create Major Wind Power Venture (2800 GWh/yr, $2.3billion)

[jpak]

http://www.renewableaccess.com/rea/news/story?id=49964

SCA and Statkraft are to form a jointly owned company for a major investment in wind power in northern Sweden. The plans involve production of 2,800 gigawatt-hours (GWh) of wind power electricity per year in seven wind farms on forest land in Vasternorrland and Jamtland, which will amount to an investment of SEK 16 billion (U.S. $2.3 billion).

Statkraft will provide financing and SCA will provide the land for the wind power farms.

"We have made an inventory of our two and a half million hectares of forest land in northern Sweden, in order to find locations with favourable conditions for wind power production,” says Kenneth Eriksson, President of SCA Forest Products.

"Statkraft’s goal is to increase production of renewable energy. The agreement with SCA is therefore a major step in the right direction and entirely in line with our strategy,” says Jørgen Kildahl, CEO of Statkraft.

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[TechBear_Seattle]

1. The Society for Creative Anachronism?

Wow, they dabble in just about everything. :crazy: