Holmen is establishing additional wind power on its land
Holmen’s Board has decided to invest SEK 1.5 billion in the construction of Blisterliden Wind Farm in Skellefteå Municipality. As part of Holmen’s drive to develop its renewable energy business, the investment will boost hydro and wind power production by 20 per cent.
“This investment is fully in line with our strategy to create long-term value, while facilitating the green transition through greater electrification. We are in no doubt that wind power will play an important role in the electricity system of the future, along with controllable hydro power, and we are proud to be able to contribute to this development,” says Fredrik Nordqvist, Senior Vice President Renewable Energy.
The company’s renewable electricity production will contribute to a more sustainable society, in combination with the growing forest and the renewable products manufactured at Holmen’s mills. This particular investment will increase Holmen’s annual production of renewable energy from water and wind by 360 GWh to just over 2 TWh.
“Here at Holmen, we see developing wind power in-house as a natural complement to our hydro power, while generating added value from our forest ownership. By combining forestry and electricity production on our land, we’re also contributing to the necessary energy transition in society,” says Henrik Sjölund, President and CEO of Holmen.
Comprising 14 wind turbines, Blisterliden Wind Farm is being constructed in partnership with the supplier Nordex and is expected to be up and running by 2026. Holmen looks forward to continued cooperation with local stakeholders, authorities and communities to ensure that the project is implemented in a sustainable and responsible manner.
In addition to Varsvik and Blåbergsliden Wind Farms, Holmen has around 30 projects in various stages of development, from in-depth analysis to permit applications. Next in line is Stormyrberget Wind Farm in Västernorrland, a project run jointly with Vattenfall that could be considered for an investment decision in 2025.
For further information, please contact:
Lisa Pettersson Noord, Communications Manager, Holmen Renewable Energy
lisa.petterssonnoord@holmen.com +46 709 947 594
Holmen’s business is built around the forest ecocycle and the renewable products we can create from it. Our business areas are Forest, Renewable Energy, Wood Products and Board and Paper. With a workforce of 3 500 people, we create value for shareholders, customers and society. Our net sales in 2023 amounted to just under SEK 23 billion and our shares are listed on Nasdaq Stockholm, Large Cap. Please visit holmen.com for more information.