Renewable Energy
Holmen produces renewable energy from wind and water on our land. We contribute towards a sustainable energy supply in Sweden and towards Europe’s transition to fossil-free energy sources.
Go to Renewable EnergyGreen energy from our land
Controlling renewable energy resources makes us unique among forest and industrial companies. We contribute towards a sustainable energy supply in Sweden and towards Europe’s transition to fossil-free energy sources.
We are now taking the next step as agreen energy producer with our largescale in wind power. We already have the largest wind farm in Uppland, Varsvik, and several new projects are under development.
Alongside energy production, we also develop other opportunities on our land, such as real estate and quarries.
The base of our energy production is hydro power from 21 hydro power stations that we own wholly or in part. In addition to a marginal environmental impact and minimal emissions, hydro power has a unique advantage over other renewable energy sources. Electricity cannot be stored to any great extent, but the water that is used to generate electricity can be stored in reservoirs, lakes and rivers.
Establishment of large-scale wind power is a natural complement to our controllable hydro-power. It is also a great way to add more value to our forest ownership.
Key figures Holmen Renewable Energy
Here is a multi-year overview of the business area's key figures. 8 % of the Group's capital employed is in Renewable Energy.
Hydro power
Holmen wholly or partly owns 21 hydro power stations located on the Umeälven, Faxälven, Gideälven, Iggesundsån, Ljusnan and Motala Ström rivers. Normal annual production amounts to about 1100 GWh.
Wind power
Holmen is a major land owner and has the potential to develop its land holdings by establishing wind farms on its own land with good wind conditions.
Along with the Eurofideme 2 investment fund, Holmen has built the Varsvik wind farm a few kilometres from its paper mill in Hallstavik.
Operations
Each year, Renewable Energy produces fossil-free and green energy at our hydro power stations and wind farms – both independently and in partnership with others. On the Group's land we also manage property development such as housing.