Swedish paper products company SCA AB (SCA-B.SK) said Friday it has signed a joint venture with German utility E.ON AG under which they will together develop a number of wind power projects.
The joint venture includes approximately 270 wind power stations and a total energy production of more than 2 TWh, corresponding to the electricity required for warming 100,000 Swedish households.
The joint venture includes the areas operated by SCA Vind up until the licence application: Hastkullen and Bjornlandhojden in Harnosand, and Kramfors and Timra municipalities. The agreement also covers wind power projects in southern Ange and in Ljusdal.
Future investment decisions can be expected by 2014 or 2015 at the earliest. The project is expected to be in operation by 2016 to 2017 at the earliest.
SCA is a global hygiene and forest company that develops and produces personal care products, tissue and forest products. Sales are conducted in some 100 countries. SCA has many well-known brands, including the global brands TENA and Tork. Sales in 2011 amounted to SEK 106 billion (EUR 11.7 billion). SCA has approximately 37,000 employees. More information at www.sca.com