SCA’s forest land in Sweden is well suited for wind power ventures. In 2015, energy prices dropped by 30% and the price of green certificates fell by 15%, which reduced newly installed power in Sweden by 42% compared with 2014.
A total of 770 MW of wind power is produced on SCA’s forest land, corresponding to 13% of the total installed wind power in Sweden. In 2015, 1.9 TWh was produced on SCA forest land.
Wind power strategy
SCA’s wind power strategy is based on three main pillars.
- Joint venture with energy producers: SCA can be a co-owner in a wind power project, which is the case in the collaboration with the Norwegian companies Statkraft and Fred.Olsen Renewables. Statkraft and Fred.Olsen Renewables are funding the projects and SCA is providing the land.
- SCA independently develops wind power projects: In certain cases, SCA is the initiator of wind power projects that may be divested, form part of a future collaboration or be operated independently by SCA.
- SCA leases land to energy producers: This could involve leasing sites for smaller wind farms or a case in which a larger wind farm uses a small part of SCA’s land, but could also involve even larger projects.
Statkraft SCA Vind AB, SCA’s joint venture with Statkraft, operates 186 wind turbines. The production capacity at the end of 2015 was 1.5 TWh.
In July 2015, SCA’s joint venture with Fred. Olsen Renewables, FORSCA, was granted an initial permit to build 113 turbines. The permit will be reassessed in 2016.
Other wind power projects
SCA’s has a collaboration with E.ON Vind where E.ON Vind develops a number of wind power projects together with SCA. A total of 92 turbines were granted a permit in late 2014 and another 50 turbines are expected to be granted a permit in 2016.
A wind project independently developed by SCA was granted a permit to build 20 wind turbines. The project has been prepared for due diligence with a possible realization in 2018. Permit applications for another two projects, including a total of 150 turbines, were submitted for assessment.
Leasing land for wind power
SCA has leased land to various energy producers for more than 1,000 planned wind turbines. 134 turbines are already in operation with a total production of 0.76 TWh.