Volvo has partnered with renewables developer Eolus to collaborate on the Västvind wind power project off the coast of Gothenburg.
The Västvind wind power project has the potential to generate up to 4.5 TWh of renewable electricity annually, the equivalent of meeting the power needs of the entire city of Gothenburg. Construction is scheduled for 2027, and the project is expected to be completed in 2029.
The partnership also involves Volvo receiving 1 GW of offshore wind power to supply a significant amount of electricity to Volvo’s operations at Hisingen in Gothenburg, including its new battery factory currently under construction in partnership with Northvolt.
"Volvo Cars [is] working hard to reduce the carbon footprint of the entire lifecycle of the car, including the electricity used to manufacture the cars and their batteries. By committing to electricity from offshore wind power outside Hisingen, we want to secure our access to locally produced, renewable electricity at a reasonable cost,” said Johan Lannering, Head of Strategic Collaborations at Volvo.
Currently, parts of Sweden, including Västra Götaland, are experiencing a significant shortage of electricity production, and the demand for electricity is only expected to double by 2030. Volvo and Eolus hope this project will help secure Sweden’s renewable energy future and further the country’s net-zero goals.
“The conditions in western Sweden require us to take action today to establish a new electricity supply and, at the same time, secure our own supply of renewable electricity in the future. Additionally, this transition will create many new jobs in the automotive industry for the region,” added Lannering.