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Vattenfall invests in 2 offshore wind projects outside Gothenburg

Swedish multinational power company Vattenfall will purchase the majority share in two offshore wind projects off the coast of Gothenburg from wind power company Zephyr, Vattenfall confirmed on Monday.

A company statement revealed that once the projects, consisting primarily of floating wind turbines, are fully developed, they will generate 10.5 terawatt-hours (TWh) of fossil-free electricity annually and have a combined capacity of 2.8 gigawatts (GW).

The two wind projects, Vidar and Poseidon, are located approximately 25 and 27 kilometers off the Swedish west coast, north of Gothenburg.

Following the acquisition, Vattenfall’s ownership will amount to an 85% share interest.

Source: Anadolu Agency