Norwegian utility to invest $903m in Swedish wind farms

Statkraft is to invest $903m in the Bjorkhojden and Ogonfagnaden onshore wind farms, which will built as part of its Swedish joint venture with forestry group SCA.

The Norwegian utility is to build the two projects in the Jamtland and Vasternorrland counties, northeast of Ostersund, Sweden and their combined capacity will come to 369 MW.

Bjorkhojden will have a capacity of 270 MW, and will begin operations in two stages in 2014 and 2015, while the 99 MW Ogonfagnaden plant could be completed as early as 2014.

Statkraft is also in the news this week in the UK as it officially opened its 317 MW Sheringham Shoal offshore wind farm, this week, in conjunction with Statoil.

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