SEK is one of SR Energy’s financiers with the aim of supporting the company’s investments in existing and new wind turbines. Over the last 15 years, there has been a tremendous expansion of wind power.

“The rapid development of wind power technology has enabled us to use areas that were previously unusable.”

PETER ZACHRISSON, CEO SR ENERGY

In 2006, when SR Energy constructed their first wind farm, they were the first in Sweden to build in the forest and prove it feasible. The big turbines are much more efficient and produce three times the energy per turbine compared with the wind turbines built 15 years ago, the payback being more production and limited intrusion on nature.

Wind power currently accounts for some 17 percent of electricity generation in Sweden and is the fastest growing form of energy. In pace with the technology maturing and the increasing size of turbines, there have also been major changes on the investor side.

At the very start, it was private individuals wanting to build wind power for ideological reasons. They were risk-tolerant and wanted to develop the technology in a new market. Completely different types of investors have taken over the scene today: entrepreneurs and international institutional funds. Yield requirements have fallen amidst declining concerns about the technology, which has made financiers feel more secure.

”Previously, investing in renewable energy was a risk. Now it’s an opportunity.”

PETER ZACHRISSON, CEO SR ENERGY

Society is consuming ever increasing amounts of electricity. To meet climate targets, electrification is needed for large parts of the transport sector, and battery factories and server halls are being constructed. Swedish industry is facing a historic situation where existing fuels have to be replaced.

“Large land areas, a long coastline, mountains, a strong electricity grid and low population density provide unique opportunities for competitive energy production. These factors also create great export opportunities.”

PETER ZACHRISSON, CEO SR ENERGY

SR Energy is an energy company that has established a strong position with wind power projects in the south of Sweden over the past 15 years. The company designs, builds and operates wind farms with a long-term ownership perspective. It currently has 154 wind turbines in operation and is building 47 more. The wind turbines will produce energy corresponding to the city of Stockholm’s consumption of household electricity. The company is jointly owned by Stena Adactum, AMF, KLP and Alecta.