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BayWa r.e. has been commissioned by Stora Enso, a leading provider of renewable packaging, biomaterials, wooden construction, and private forest ownership, to jointly develop multiple onshore wind projects on Stora Enso’s land in Sweden. The agreement encompasses over 1.2 GW of onshore wind capacity across Central and Northern Sweden.
“This partnership marks an important milestone in our portfolio strategy in the Nordics. Together with Stora Enso, we can develop significant projects on land that are exceptionally well-suited for wind power, while also contributing to Sweden’s and the regions’ transition to renewable energy,”commented David Rosberg, CEO of BayWa r.e. Nordic.
“As one of the world’s largest private forest owners, Stora Enso sees it as a natural step to contribute to the energy transition by making land available to realise the onshore wind power potential in Sweden. Together with BayWa r.e., we are now accelerating this effort by combining our strength as a landowner with BayWa r.e.’s extensive experience in renewable energy. This provides a solid foundation for developing sustainable energy projects that benefit society”, added Emil Thalin, Director of Energy Development at Stora Enso.
BayWa r.e. was chosen as a partner due to its extensive project development experience, broad expertise, and proven ability to deliver large-scale projects. BayWa r.e. Nordic will lead the development and implementation of the projects, which will include at least 158 wind turbines with a combined capacity exceeding 1.2 GW. There is potential to expand the partnership to incorporate solar power and battery energy storage systems (BESS). The permitting process is expected to be completed within five years.
