Eolus and Volvo have signed a letter of intent to collaborate on an offshore wind farm project off the coast in Gothenburg in Sweden.
The partnership, concerning the 1GW Västvind offshore wind project, builds upon plans for the wind farm to supply electricity to Volvo’s operations in Hisingen in Gothenburg, including the new battery factory being constructed together with Northvolt, through the jointly owned company Novo Energy.
The planned capacity of the Västvind wind power project has the potential to generate 4-4.5 terawatt hours of renewable electricity annually, equivalent to the current electricity and power needs of the entire city of Gothenburg.
Eolus expects to complete the wind farm in 2029, pending required permits.
“The world is facing a massive challenge due to the climate crisis.
“Volvo Cars has a goal to only sell fully electric cars by 2030. We are working hard to reduce the carbon footprint of the entire lifecycle of the car, including the electricity used to manufacture the cars and their batteries.
“By committing to electricity from offshore wind power outside Hisingen, we want to secure our access to locally produced, renewable electricity at a reasonable cost,” said Johan Lannering, Head of strategic collaborations at Volvo Cars.
Per Witalisson, CEO of Eolus, added: “We are delighted to enter into a partnership with the leading industrial company in western Sweden.
“Volvo Cars has a very clear goal of becoming completely climate-neutral by 2040.
“Being a part of that journey is strategically important for Eolus, and Västvind can contribute in a concrete way to Volvo Cars’ transition.”
The Västvind wind power project is located in the municipalities of Kungälv and Öckerö, as well as in the Swedish economic zone.
Construction is planned to start in 2027, with completion in 2029. Eolus owns 95% of the project and Gothenburg Port Authority owns 5%.