Ørsted has requested permission for building offshore wind projects in Swedish waters with a total capacity of 15 GW. This capacity is planned to be developed near Sweden’s southern tip and the Gulf of Bothnia in the north, and can be brought online in the next ten years. With the additional capacity, Ørsted hopes to lower power costs and encourage the growth of new green industries.

Ørsted’s ongoing plan for 3 GW of renewable energy capacity in Sweden is complemented with the most recent plan. The new application will bring the company’s portfolio in the country to 18 GW. The 1.5 GW Skaane Offshore Wind farm, which is situated on the southern coast and might be operational by 2029, is one of Ørsted’s’s ongoing projects in the country. The company’s proposal to expand the area’s offshore wind capacity coincides with plans by Swedish grid operator Svenska kraftnaet to expand the country’s transmission network to its maritime territory.

In December 2022, Ørsted and Skovgaard Energy signed a letter of intent to cooperate on the development of a Power-to-X facility in one of Denmark’s most attractive sites. The facility would be constructed in stages and can, thus, play a crucial part in both the construction of a large-scale renewable hydrogen export industry for the green transformation of Europe as well as in the launch of the Danish Power-to-X industry.

REGlobal’s Views: Ørsted has been planning extensive capacity additions in the offshore wind segment across the globe. This 15 GW of offshore wind capacity deployment plans in Sweden will help the company to increase its market share by a significant margin and establish its leadership in the highly competitive Nordic offshore wind market.