Wind Energy – Sweden
The Swedish government announced today that OX2 has received permission to build the northern part of the project Galatea-Galene on the west coast of Sweden, with a potential capacity of 400 MW.
The total project Galatea-Galene comprises 1.7 GW.
OX2 is Sweden’s leading developer of renewable energy and besides Galatea-Galene the company is developing two more offshore projects in Sweden that are to be decided by the government: Triton, south of Sweden (1.7 GW) and Aurora between the islands of Öland and Gotland (5.5 GW).
Last year OX2 sold 49 percent of the three Swedish offshore wind projects to Ingka Investments. Following the agreement with Ingka Investments OX2 will receive about 1 MSEK per MW for the 49 percent of the planned total capacity once all permits have been received and the parties have decided to continue the realization of the projects.
