The European Investment Bank is lending €100m to Holmen to expand onshore wind generation in northern Sweden.
The forest-industry group said the investment will increase renewable capacity in the country’s northern bidding zones, where demand is expected to grow due to electricity-intensive industries.
The financing will support the ongoing rollout of wind power to strengthen Sweden’s energy supply and cut emissions, according to the bank.
“Sweden has long been a leader in renewable energy and sustainability,” said EIB vice-president Karl Nehammer.
“By financing Holmen’s expansion of clean power generation, we are strengthening Europe’s energy resilience while supporting one of the country’s most sustainable industrial players,” said Nehammer.
The lender said the move supports Sweden’s 2045 net-zero target and the EU’s RePowerEU plan to accelerate renewable deployment and cut reliance on imported energy.