Press release, 25 September 2023
The Swedish project development company Landinfra Energy (“Landinfra”) is advancing its offshore wind power initiative by starting the consultation process for the Falkenberg-Halmstad project, located off the coast of Halland. The planned wind farm is expected to consist of between 55 and 80 turbines, with an estimated production of more than 5 TWh of renewable electricity — exceeding the annual electricity consumption of Halland. With the government’s new proposal to share property tax on wind power with the municipalities, the wind farm could jointly provide the two municipalities with approximately SEK 50 to 80 million annually.
As part of the consultation process for the Falkenberg-Halmstad project, the formal permitting process also begins, with Landinfra continuing its dialogue with authorities and stakeholders to determine the best path forward for the project. A key focus will be defining the scope of the studies and assessments required for the project’s environmental impact assessment and permitting process—a procedure expected to take up to three years.
“Through dialogue with relevant authorities and stakeholders, we aim to ensure the best possible conditions for increased renewable electricity production in Sweden, supporting the green transition,” says Marcus Landelin, CEO and co-founder of Landinfra.
To contribute to Sweden’s future electricity supply and competitiveness, Landinfra is developing sustainable and competitive renewable energy projects throughout the country. The company manages a portfolio of offshore wind power projects within Swedish territorial waters and the Swedish exclusive economic zone.
“Our ambition is to realize as many of our offshore projects as possible. All of them are located in areas that the Swedish Energy Agency, along with eight other authorities, has identified as suitable for wind power,” emphasizes Marcus Landelin.
Aligned with its long-term goals, Landinfra focuses on projects that could be realized around 2030, both technically and economically. Due to its location in relatively shallow waters close to shore, the Falkenberg-Halmstad project allows for the use of bottom-fixed foundations and allows for a reasonable cost for grid connection. With a potential annual electricity production of more than 5 TWh, the project could significantly contribute to industrial electrification in Halland County and create opportunities for the establishment of new energy-intensive industries.
Approximately SEK 50 to 80 Million in Revenue for Municipalities
The Swedish government’s budget proposal also introduced a model where municipalities hosting wind farms receive financial support equivalent to the taxes generated by the wind power. In the event that the proposal includes offshore wind power projects in territorial waters, which are within the municipality’s planning area, the two municipalities of Falkenberg and Halmstad would jointly receive an annual compensation of approximately SEK 50 to 80 million – provided that the Falkenberg-Halmstad wind farm is built as currently planned.
In parallel with the Falkenberg-Halmstad project, Landinfra continues its work on its other offshore wind power projects, which are focused on criteria such as social benefit, proximity to grid connections, local electricity consumption, reasonable investment costs, and the potential to keep production costs low.
Landinfra’s portfolio is estimated to have a total potential capacity of around 6 GW installed, which would add approximately 26-29 TWh to Sweden’s expansion of fossil-free electricity production and energy transition.
If the wind farm is built to its current planned extent, it would represent an investment of around SEK 25 billion.
About Landinfra Energy
Landinfra is a renewable energy developer in the Nordics and beyond with focus on generation and consumption assets in the field of onshore wind, offshore wind, energy storage, hydrogen, eFuels and industrial projects. The business model includes greenfield and brownfield project development in close collaboration and partnerships with landowners, investors, and industrial actors.
www.landinfra-energy.com
For more information, please contact:
Marcus Landelin, CEO and founder of Landinfra Energy, via Mattias Hennius, Director Communications & PR +46 76 009 48 35, mattias.hennius@landinfra-energy.com