Norwegian renewables company Magnora has increased its stake to 24% in the 500MW Kustvind shallow water offshore wind project in southern Sweden.
The project, also known as Sydkustens Vind, is located approximately 8km off the southern coast of Sweden and will have a production capacity of 2 terrawatt-hours a year.
Magnora said that in recent months the project organisation has initiated the licensing process, with a few environmental related surveys, such as mapping of cranes and bats carried out.
Final analysis of the survey results is ongoing, it added.
The project has also carried out grid analyses to prepare connection to the regional- and national grids.
The consultation process with national and regional authorities, as well as affected municipalities and the public has started, the company said.
Magnora executive chairman Torstein Sanness said: “This project can increase the capacity to supply green energy to local industrial power consumers, and production of hydrogen to provide clean fuel to local transportation.
“We are already mapping out what local needs exist and will come as a result of the EU Taxonomy and local authorities’ long-term electric power policy to make sure we can be a part of the solution of those electric power needs.
“Realising local electric power plants is key to ensure adequate clean electric power to local businesses without unnecessary expansion of the national grid.
“The supply of energy in the SE4 region is not sufficient to meet the long-term energy demand in the region, which we believe our project will help alleviate.”