SCA buys wind power project, expects to invest up to $154 mln

Svenska Cellulosa Aktiebolaget SCA

20/10/2023 07:39

COPENHAGEN, Oct 20 (Reuters) - SCA  SCAb.ST  has bought
a wind power project located on SCA's land from renewable energy
company Arise and expects to invest up to 1.7 billion crowns
($154.7 million) in the project, the Swedish forestry firm said
on Friday.
    Construction of the wind farm will begin in November this
year and is planned to be operational at the beginning of 2026,
SCA said in a statement.
($1 = 10.9886 Swedish crowns)

 (Reporting by Louise Breusch Rasmussen, editing by Anna
Ringstrom)
 ((Louisebreusch.rasmussen@tr.com; +45 21 27 97 79;))