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.
Holmen’s production of renewable hydro and wind power contributes 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 a green energy producer by investing in the expansion of our wind power capacity.
7 % av of the Group’s capital is employed in the Renewable Energy business area
|External net sales||378||378||319||315|
|Operating profit, Excl. items affecting comparability||215||336||181||135|
|Capital employed||3 351||3 058||3 052||3 115|
|Average number of employees||16||13||12||11|
|Own production of hydro and wind power, GWh||1 352||1 109||1 145||1 169|
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.
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.