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March 14, 2022

OX2 files for permission to build 5.5GW wind farm in Sweden

The wind farm will have the capacity to generate 24TWh of clean energy a year.

Swedish renewable project developer OX2 has applied for permission to develop the 5.5GW Aurora Offshore Wind Farm in the Swedish Exclusive Economic Zone.

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
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The company applied for a Natura 200 permit with the County Administrative Board of Gotland.

Located 20km south of Gotland and 30km east of Öland, the proposed offshore wind facility will feature up to 370 turbines.

The wind farm will have the capacity to generate a total of 24TWh of clean energy a year.

It will generate enough clean energy to power five million households while displacing 14 million tonnes of carbon emissions a year.

The permit application filed by OX2 also includes an environmental impact assessment for the project.

OX2 Sweden country manager Hillevi Priscar said: “It is great that we now have handed in an application for another offshore wind farm.

“Our projects make up a considerable share of the road to reaching Sweden’s climate goals.

“They will also contribute substantially to the region’s ability to develop the community, businesses and industries.”

Aurora is part of OX2’s Swedish project development portfolio, which had a total capacity of 11.3GW as of the third quarter of this fiscal year.

Last month, OX2 filed an application to develop the 1.8GW Triton wind farm.

The wind farm will be developed at a site offshore from Skåne in the south of Sweden, 30km south of Ystad.

It will feature up to 129 turbines and have a maximum height of 370m.

The wind project will have the capacity to generate around 7.5TWh of clean energy a year, which is enough to power 1.5 million households.

It will also have the potential to displace 4.5 million tonnes of carbon emissions a year when fully operational.

The company filed the application under the act of Sweden’s Exclusive Economic Zone.

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Free Report
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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
Enter your details here to receive your free Report.

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