Holmen is a major land owner and has the potential to develop its land holdings by establishing wind farms on its own sites with good wind conditions.
Together with the Eurofideme 2 investment fund, Holmen built a wind farm at Varsvik during 2014, a few kilometres from its paper mill in Hallstavik. The production capacity is estimated at 165 GWh. Building the wind farm cost around SEK 650 million.
During 2013 environmental permits were granted in for wind farms at Blodrotberget and Blackfjället in the Municipality of Örnsköldsvik. Wind measurements show a production potential of approximately 600 GWh annualy. The next stage is to extend the power grid before a decision can be taken on green-lighting the project.
Holmen and E.ON signed a contract to jointly develop wind power in the Municipality of Örnsköldsvik at the beginning of 2011. At the end of 2012, environmental permits were obtained for two of the three areas in question and the third permit is expected during 2016. The three areas, mainly in Holmen's land, has a production potential of 500 GWh per year.
Wind surveys have also been conducted on Holmen's land in the Municipality of Skellefteå over recent years. Evaluations of these surveys and permit applications are under development.
An 18 per cent stake in VindIn AB gives Holmen part ownership of the Trattberget wind farm in the Municipality of Örnsköldsvik, Skutskär in the Municipality of Skutskär and Svalskulla in Pohjanmaa, Finland. In total there are now 40 turbines supplying electricity to Holmen and the other stakeholder companies. Overall, VindIn's turbines produce around 300 GWh per year, with Holmen's stake currently equating to production of around 54 GWh per year.