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Holmen mulls starting wind power operations

28 Oct 2019 − 

Holmen considers wind power to be a promising business area. The company might invest in wind power operations in the future.

Holmen has announced it was considering evaluating the profitability of establishing its own wind power operations. The company said in its presentation of business results that there were indications that wind would be an important component in the transition to a fossil-free society, particularly since production costs had decreased considerably in recent years.

So far, Holmen has sold permits to build wind power facilities on Holmen land. These generated SEK80m in the first nine months of the year. Holmen's Renewable energy division perfomed well this year, with operating profit soaring to SEK264m in the January-September period 2019, an increase of 83 per cent compared to the same period last year.

Read more on Holmen's business results and performance during the year in EUWID Pulp and Paper 44/2019, which will be published on 30 October.

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