Daily Newsletter

17 August 2023

Daily Newsletter

17 August 2023

OX2 gains Natura 2000 permit for Triton offshore wind project

The Natura 2000 permit follows approval from the county administration board of Skåne in June 2023.

Surya Akella August 17 2023

OX2, a Swedish developer of renewable energy, has secured a Natura 2000 permit for its Triton offshore wind farm in the Baltic Sea, 23km off the coast of Skåne County, Sweden.

Natura 2000 is the largest coordinated network of protected areas in the world. In Europe, around 18% of the land and more than 8% of the marine territory come under it.

The area offers a safe haven for valuable and threatened species and habitats. It includes a network of core breeding and resting sites, and stretches across all 27 EU countries.

With a capacity of 1.5GW, the Triton wind farm will generate seven terawatt-hours of clean energy annually – around half of the total energy consumption of Skåne.

In June 2023, the project was approved by the county administrative board of Skåne, which also suggested that the Swedish Government should grant a permit under the country’s Exclusive Economic Zone.

Construction of the wind farm could begin by 2027, with production expected to begin before 2030.

OX2 Sweden offshore wind development head Emelie Zakrisson stated: “We are very happy to see the fast pace of the authorities’ handling of the applications. We are doing everything we can to secure a fast start to construction. In parallel, we have initiated the application for a concession to connect to the grid and signed agreements with several major suppliers.

"All of OX2’s projects should be nature positive by 2030, meaning we develop ways to strengthen biological diversity. For Triton that means, among other things, improving the living conditions for cod. We are also investigating ways to protect the shoreline from erosion.”

In August 2022, Ingka Investments, a subsidiary of the Ingka Group that owns IKEA, paid OX2 €58m for a 49% stake in Triton and two other Swedish offshore wind farms, Galatea-Galene and Aurora, which are currently in development.

Renewable technologies continue to account for a significant share of the global energy mix

The push for a transition to cleaner energy, driven by strong policies and financial support, will heavily impact the future of renewables, allowing them to take almost 50% of the power mix by 2035. From a regional perspective, Europe and North America will continue to have an accelerated shift into clean technologies, whereas progress is slower in Asia-Pacific and specially Middle East where thermal technologies will still be their main power source. The development of new technologies such as hydrogen, energy storage, carbon capture and smart grids, are also driving change in the power sector.

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