STOCKHOLM, Sweden — Vattenfall is buying the majority share in two offshore wind projects off the coast of Gothenburg from wind power company Zephyr, according to a recent company news release.
Once fully developed, the projects are expected to generate 10.5 TWh of fossil-free electricity annually.
The two wind projects, named Vidar and Poseidon, are located between 25 and 27 km off the Swedish west coast, north of Gothenburg.
After the acquisition, Vattenfall’s ownership will amount to 85%. Together with Zephyr, the early-stage projects will be further developed and the necessary permits for establishment applied for, the release stated.
Vidar and Poseidon, which will primarily consist of floating wind turbines, are expected to have a combined capacity of 2.8 GW and an annual production of 10.5 TWh.