SWEDEN
OUR HOME MARKET IS READY FOR DEVELOPMENT
Sweden’s long coastlines and strong offshore winds make it ideal for floating offshore wind. With ambitious green energy targets and growing renewable energy demand, the market is ready for development. Although the permitting process is complex, the opportunities for innovation and progress position Sweden as a key market for floating offshore wind.
THE FLOATING OFFSHORE WIND MARKET IN SWEDEN
With vast coastlines and a commitment to renewable energy, Sweden has a good potential for offshore wind. While regulatory and environmental hurdles have historically slowed progress, the government is now actively working to streamline permitting processes to facilitate the development offshore wind projects.
PROJECT PLANNING
Planning offshore wind projects in Sweden is a complex process, requiring expertise in navigating environmental impact assessments, and understanding military needs and shipping routes. However, Hexicon is uniquely positioned to be successful in this market due to our extensive experience in permitting processes and project development. This makes us skilled at driving forward offshore wind projects even in the most challenging environments. With the government taking steps to expedite permit approvals by evaluating the current permitting process, the future of offshore wind development looks bright.
FREJA OFFSHORE
In 2021, Hexicon launched Freja Offshore, in partnership with Mainstream Renewable Power (MRP) (an Aker Horizon Company), with the goal of developing offshore wind farms in Swedish waters. Since then, the company has submitted three complete permit applications, along with environmental impact assessments, to the Swedish Ministry of Climate and Enterprise for the wind farms Mareld on the west coast, Dyning on the east coast, and Cirrus off the southeast coast.
Mareld is now awaiting Government approval, while Dyning and Cirrus have been placed on hold.
With Mareld, Freja Offshore is well-equipped to contribute to Sweden’s offshore wind expansion, delivering clean energy to power future generations.
OUR SWEDISH PROJECTS
MARELD
MARELD is planned approximately 40 kilometres west of the island of Orust, within the Swedish economic zone.
This location far out at sea will allow Mareld to produce large and reliable amounts of renewable energy for industries and households in the Västra Götaland region. Fully developed, Mareld is estimated to deliver 12Twh annually, which corresponds to two-thirds of the demand for electricity in the region of Västra Götaland.
KEY FACTS
STATUS Paused
JV Freja Offshore
PARTNER Mainstream Renewable Power
CAPACITY Up to 10TWh
HEXICON SHARE 50%
LATEST MILESTONES
The latest milestone in the project was reached in June 2024 when the County Board of Västra Götaland gave their recommendation to the Swedish government to accept the Mareld application. The application was submitted in 2023 to the Swedish Ministry of Climate and Enterprise. The next milestone is expected during the fourth quarter of 2024 when the decision on the permit application is expected to come from the Swedish Government.
CIRRUS
CIRRUS floating wind farm is planned in the southwest region of Sweden approximately 50 kilometers south of Karlskrona in the Swedish economic zone.
On 4th of November, 2024, the Swedish Government announced that 13 submitted applications to build offshore wind farms in the Baltic Sea, south of the Sea of Åland, were rejected. This decision led to Hexicon's joint venture company, Freja Offshore, deciding to pause all work with the Cirrus and Dyning projects.
The Cirrus floating wind farm could deliver up to 10 TWh annually, which is equivalent to the household electricity consumption of approximately half a million Swedish single-family homes.
KEY FACTS
STATUS Application awaits a decision from the Swedish Government
JV Freja Offshore
PARTNER Mainstream Renewable Power
CAPACITY Up to 12TWh
HEXICON SHARE 50%
LATEST MILESTONES
The latest milestone in the project was reached in 2023 with the submission of the permit application for the seabed area to the Swedish Ministry of Climate and Enterprise. The next milestone is expected towards the end of 2024 when the County will submit their recommendation to the Swedish Government.
DYNING
DYNING is planned between the Swedish mainland and the island of Gotland. The area is located approximately 45 kilometres southeast of Oxelösund, within the Swedish economic zone.
On 4th of November, 2024, the Swedish Government announced that 13 submitted applications to build offshore wind farms in the Baltic Sea, south of the Sea of Åland, were rejected. This decision led to Hexicon's joint venture company, Freja Offshore, deciding to pause all work with the Cirrus and Dyning projects.
Fully developed, Dyning could deliver up to 10TWh annually, which corresponds to the electricity demand in the regions of Södermanland and Östergötland.
KEY FACTS
STATUS Paused
JV Freja Offshore
PARTNER Mainstream Renewable Power
CAPACITY Up to 10TWh
HEXICON SHARE 50%
LATEST MILESTONES
The latest milestone in the project was reached in 2023 with the submission of the permit application for the seabed area to the SwedishMinistry of Climate and Enterprise. The next milestone is expected during the second quarter of 2024 when the decision of the permit application is expected to come from the Swedish Government.