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May 17, 2022

Vattenfall to inaugurate 353MW onshore wind farm in Sweden

The wind farm is jointly owned by Vattenfall, Vestas and AIP Management.

Swedish state-owned power company Vattenfall is set to open its Blakliden Fäbodberget onshore wind farm in Sweden’s Åsele and Lycksele municipalities.

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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 353MW wind farm is jointly owned by Vattenfall, Vestas and AIP Management, with Vattenfall holding a 30% stake in it.

The facility is equipped with 84 wind turbines and has the capacity to generate 1TWh of clean energy, which is enough to power nearly 220,000 households in the region.

An inauguration ceremony for Blakliden Fäbodberget will be held on 23 May and attended by representatives from Vattenfall, Vestas, AIP Management, Åsele and Lycksele municipalities, as well as local entrepreneurs.

The wind farm is a composite of the Blakliden and Fäbodberget wind projects, which were legally approved in 2015 and 2016 respectively.

Construction works at the site began in 2018 following a procurement process and investment decision.

Vattenfall said that the works have since been continuously in progress, except for annual breaks during Sweden’s winter period.

During the project’s pre-planning, planning and construction phase, around 390 full-time jobs were created, 300 of which were regional roles.    

In February this year, Vattenfall’s proposed 1.8GW Norfolk Vanguard offshore wind farm received planning approval from the UK Government.

With this approval, the company secured consent for both projects in its proposed Norfolk Offshore Wind Zone, which has the potential to deliver clean energy to 3.9 million UK homes a year.

The Norfolk Vanguard facility will also support the government’s target to install 40GW of offshore wind capacity by 2030.

Earlier in February, Vattenfall partnered with Norway-based investment company Seagust to bid in upcoming licensing rounds for offshore wind areas in Norway.

The offshore licensing rounds are part of the Norwegian government’s efforts to install up to 4.5GW of renewable power capacity through floating and bottom-fixed wind farms in the North Sea.

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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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