Sweden Denies Permit to Build $5 Billion Offshore Wind Project

December 20, 2016, 7:21 PM UTC

Sweden denied permission for developers to build the Blekinge offshore wind project, saying it would interfere with the Nordic nation’s army.

The project was planned to have 500 to 700 turbines. This would have resulted an installed capacity of about 2.5 gigawatts and investment valued at 50 billion kronor ($5.3 billion), according to an e-mail from majority owner Eolus Vind AB.

The project company, Blekinge Offshore AB, is owned by Swedish developers. Hassleholm-based Eolus has 56 percent, Vingkraft AB took 34 percent and Vindin AB the remainder.

Sweden has set a target to generate all of its electricity from ...

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