23.10.24 / News

MAQS legal advisor when SCA acquires wind power project and increases the degree of self-sufficiency in electricity

SCA acquires Fasikan Vind AB, a wind power project located on SCA's land in the Bräcke municipality of Jämtland County. The seller is Arise AB, leading independent companies in renewable energy.

The transaction covers all the shares in Fasikan Vind AB and the project is sold in ready-to-build status. The acquisition is in line with SCA's wind power strategy, which includes leasing land to wind power operators, operating own wind farms, and project development for own operation or for sale.

Construction of the wind farm will begin in November 2023 and is planned to be operational at the beginning of 2026. The wind farm will consist of 15 turbines with a total installed capacity of 105 MW. Together with SCA's current electricity production, the additional production of 333 GWh will make SCA completely self-sufficient in electricity. The total investment is expected to amount to 1.7 billion SEK.

MAQS Advokatbyrå was the legal advisor to SCA in connection with the acquisition. MAQS’ team was led by Mikael Kowal, head of the firm’s specialist group Renewables, with assistance from Ida Hillestad, Cecilia Rossing, Anna Almroth, Jannie Strømberg, Jennifer Bake and Lilas Berengian.

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