Vattenfall acquires 85 per cent stake in two offshore wind farms

Vattenfall, a Swedish energy company, has agreed to purchase an 85 per cent stake in two offshore wind farms in Gothenburg, Sweden, from Zephyr, a wind power company. The Vidar and Poseidon wind facilities will be constructed between 25 and 27 km north of Gothenburg, on the Swedish west coast.

The two facilities, which have a combined capacity of 2.8 GW, will mostly be made up of floating wind turbines that can generate 10.5 TWh of clean energy each year. Vattenfall and Zephyr intend to partner on early-stage projects and apply for the necessary permits. No financial details have been disclosed. 

Vattenfall has around 12 active offshore wind farms in Europe and 9 GW of capacity in development. In May 2022, Vattenfall received permission from the Swedish government to build Kriegers Flak, a 640 MW offshore wind farm. The Kriegers Flak plant, located in the south of the Baltic Sea, will be equipped with 40 to 50 wind turbines and will generate around 2.6 TWh of green electricity per year.

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