Daily Newsletter

01 November 2023

Daily Newsletter

01 November 2023

Hexicon and Mainstream seek 2.5GW Swedish floating wind farm permit

To be located 45km offshore Sweden in the Baltic Sea, the Dyning wind farm will generate ten terawatt-hours (TWh) of clean energy annually.

Shivam Mishra November 01 2023

Hexicon and Mainstream Renewable Power, through their joint venture (JV) Freja Offshore, have filed an application to develop Dyning, a 2.5GW floating offshore wind farm in Sweden.

Dyning will be located 45km offshore the Swedish mainland and Gotland in the Baltic Sea.

The project is expected to generate 10TWh of clean energy annually – an amount greater than the total requirements of the country’s Sörmland and Östergötland regions.

Electricity usage in Sörmland is anticipated to double over the next two decades, driven by industry’s move to electrical power. The region is also home to SSAB, a global steel producer.

Dyning can contribute significantly to the country’s electricity generation, reducing electricity prices.

Freja has applied to Sweden’s Ministry of Climate and Enterprise for a permit to build and operate the wind farm, and the government will now begin processing the application.

Hexicon CEO Marcus Thor stated: “It is gratifying that our project portfolio is reaching new milestones, and that we continue to strengthen our presence in our home market. The continued expansion of Swedish wind power is positive in many ways, as it will not only increase the supply of renewable energy but also benefit local communities.

“Furthermore, the expansion will reduce dependence on imported electricity. We look forward to continuing to drive sustainable growth together with our partner Mainstream Renewable Power through Freja Offshore.”

Freja Offshore CEO Magnus Hallman stated: “Along the affected coastal stretch lies one of Sweden's most beautiful and culturally significant archipelago environments. By placing the wind farm far out at sea, where it’s barely visible from land, the environment can be preserved.”

In April 2023, Freja Offshore applied for a permit to develop the 2.5GW Mareld floating wind project in Swedish waters.

In June, the JV lodged an application for the 2GW Cirrus offshore wind farm in the Swedish southern Baltic Sea.

Thermal power will continue to dominate annual electricity generation in India

India derives most of its electricity from thermal power. Within thermal sources, India is majorly dependent on coal-based plants for power generation. The government has no immediate plans to phase-out coal power plants as coal is one of the cheapest sources of power generation in the country. The country also imports significant amounts of coal from Indonesia, Australia, and South Africa where the carbon quantity of coal is high. Coal is expected to remain the most dominant source of power generation in India until 2035.

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