SCA and Fred.Olsen Renewables invest in wind power in northern Sweden

  • Press release

SCA and the Norwegian company Fred.Olsen Renewables are forming a jointly owned company to focus on constructing a wind farm on SCA’s land in Västernorrland in northern Sweden. The area has a potential annual wind-power production of about 2 TWh.

“SCA has major areas of land that are highly suitable for wind-power production,” says
Åke Westberg, Head of SCA Energy. “This project enables SCA to further strengthen its
concentration on wind power, which is entirely in line with the Group’s strategic focus on
the increased production and consumption of renewable energy.”

“This is our most important investment to date in Sweden, and we are pleased to cooperate
with SCA that has long industrial experience in the region,” says Torger Lien,
Managing Director of Fred.Olsen Renewables. “We view the collaboration as a valuable
opportunity to deliver renewable energy also to Nordic clients.”

SCA and Fred.Olsen Renewables are forming the company FORSCA AB, of which SCA
will own 40 percent and Fred.Olsen Renewables will own 60 percent. SCA will provide
the land resources while Fred.Olsen Renewables will arrange the financing of the coowned
company. The co-owned company initiates wind measurements in the area in
summer 2011 aimed at preparing documentation ahead of an environmental assessment
of the wind farm.

The measurement and assessment of wind-power locations, to be conducted in the
coming year, will determine the extent to which the potential will be realised. The planned
wind farm is located in the highlands east of Näsåker in the Municipality of Sollefteå.

Stockholm, Sweden, 12 May 2011

For additional information, please contact:
Jörgen Olsson, Press and Media Officer, +46 8-788 51 29

The SCA Energy business unit, which is part of the SCA Forest Products business
group, is charged with developing SCA’s production of renewable energy. Besides wind
power, SCA Energy produces refined and unrefined biofuels. SCA is Europe’s largest
private forest owner with 2.6 million hectares of forest in the northern half of Sweden.

Fred.Olsen Renewables, which focuses on renewable energy, is a wholly owned
subsidiary of the listed companies Bonheur ASA and Ganger Rolf ASA. Fred.Olsen
Renwables has developed and operated wind farms since the mid 1990s and currently
has four projects totaling 317 MW of onshore wind power in the UK. Also, the company
has permits to build additional wind-power plants in Norway, the UK and Sweden.