SCA and E.ON sign agreement on wind power joint venture

Monday, Dec 10, 2012

SCA (STO:SCAA)(STO:SCAB) signed a joint venture agreement with E.ON today, through which E.ON will develop a number of wind power projects together with SCA.

The joint venture includes the areas operated by SCA Vind up until the licence application: Hästkullen and Björnlandhöjden in Härnösand, and Kramfors and Timrå municipalities. The agreement also covers wind power projects in southern Ånge and in Ljusdal.

“The joint venture includes approximately 270 wind power stations and a total energy production of more than 2 TWh, corresponding to the electricity required for warming 100,000 Swedish households,” says Head of SCA Energy, Åke Westberg.

Future investment decisions can be expected by 2014 or 2015 at the earliest. The project is expected to be in operation by 2016 to 2017 at the earliest.

Source: Business Wire