The Södra Board of Directors resolved at its board meeting yesterday (June 12, 2007) to invest in wind power production at Släne, in Varberg, Sweden. The decision encompasses 13 wind turbines and an investment of SEK 360 M.
In addition, the Södra Board has decided in principle to make investments in wind turbines at Södra Cell Mörrum and Södra Cell Mönsterås pulp mills. The investment would comprise seven wind turbines at a value of SEK 210 M.
This is in line with Södra’s ongoing strategy to invest in expanded wind power production. Last year the company resolved to invest SEK 80 M in three wind turbines at Södra Cell Värö pulp mill.
“By exploiting synergy benefits with our pulp mills and favourable wind conditions on our sites we are establishing a significant level of wind power production within Södra,” said Södra CEO Leif Brodén.
In total, the Södra Board has decided, or decided in principle, to make investments in wind power of approximately SEK 650 M, representing annual production of 140 GWh.