Sweden: The Swedish Government has approved the Fyrskeppet offshore wind farm in the southern Bothnian Sea, making it the only approved offshore wind project on Sweden’s east coast.
Developed by Skyborn Renewables, the project is expected to have an installed capacity of approximately 1,400 MW and generate around 5 TWh of renewable electricity per year, equivalent to the consumption of about one million households.
The project is intended to support growing electricity demand in the Uppsala and Stockholm regions, where consumption is projected to increase by around 30 % and 40 % respectively. Growth is being driven by transport electrification, industrial decarbonisation and new energy-intensive industries, including AI and data centres.
Sweden’s overall electricity consumption is expected to double by 2045 from the current level of approximately 140 TWh, according to long-term outlooks cited by the developer.
The government approval allows Skyborn to continue developing Fyrskeppet, although the company said it must first assess the conditions attached to the permit and their impact on project design, feasibility and schedule.
Skyborn also said additional measures would be needed before the project could reach an investment decision. The company pointed to risk-sharing mechanisms such as two-sided Contracts for Difference and state-backed credit guarantees as possible ways to support financing.
At the same time, the Swedish Government rejected 11 other offshore wind projects, including Skyborn’s Eystrasalt and Polargrund developments.
Source: Skyborn Renewables
