Abstract illustration energy

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 Energy

Green 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. 

Renewable Energy

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

Key figures

SEKm

2022

2021

2020

2019

2018
External net sales 1 226 488 378 378 319
Operating profit, Excl. items affecting comparability 1 006 347 215 336 181
Investments   712 291 203 22
Capital employed 4 618 4 069 3 351 3 058 3 052
Average number of employees 26 19 16 13 12
Own production of hydro and wind power, GWh 1 639 1 230 1 352 1 109 1 145

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.

Vattenkraft

Our hydro power production

Renewable hydro power is a valuable asset that generate electrical energy at a low cost and has a lifetime bordering on the infinite. Hydro power is also important for society, since production can be concentrated at times of peak demand. It therefore has a key role to play in the transition to an energy system with a low carbon footprint.

Our wind power production

As a major landowner, Holmen has great potential to play its part in the expansion of wind power in areas with good wind conditions – both independently and in partnership with other stakeholders.