Skanska to build & finance Swedish wind farm

Skanska Infrastructure Development has announced a joint investment with wind farm developers O2 and Jämtkraft for a SEK 1.1 billion (€ 120 million) wind farm in northern Sweden. Skanska will take a 50% stake in the project and will be the contractor for the scheme.

The development will comprise 30 turbines on 131 m high masts, with a total generating capacity of 78 MW. It will be located at Sjisjka, a low mountainous area in the Gällivare municipality in northern Sweden, and will be one of the country's largest land-based wind farms, with the capacity to supply enough electricity for 43000 households.

Skanska Infrastructure Development project development director Göran Carlberg said, "Skanska, O2 and Jämtkraft combined can offer all the expertise that is needed to implement a successful project. The project also complies with Skanska's objectives of being a leader in green construction and contributing to a more sustainable society."

Work on the scheme is already underway, and electricity production is expected to start in 2012.