Wind power development with IOWN Energy

The portfolio consists of 23 projects in Sweden and two in Norway, spread across electricity price areas SE2, SE3, SE4 and NO2. Under the terms of the agreement, Hydro Rein and IOWN will commence a long-term partnership to co-develop these projects, with ownership split 80 percent to Hydro Rein and 20 percent to IOWN.  

Helping industries decarbonize 

These projects have a potential annual production of up to 7.6 TWh, contributing significantly to decarbonizing the industry and improving the power balance in Sweden and Norway. 

The projects are in the early phase of the development cycle, with a significant number of land lease agreements already signed. Hydro Rein and IOWN will work together to advance the development of the projects, in close dialogue with host municipalities, landowners, and local communities. The two partners have an ambition to make the first investments before 2030. 

IOWN runs businesses in the Nordics and the U.S. with extensive project development, construction, and management of renewable energy projects that include large-scale and land based wind power, solar power, and energy storage in batteries. 

Sustainability and local involvement 

Hydro Rein and IOWN are committed to sustainable development practices, prioritizing minimal impact on nature and aiming for zero net-loss of vulnerable ecosystems. This commitment extends to careful project planning, biodiversity consideration, and landscape integration, alongside restoration efforts where impacts are unavoidable.  

The companies emphasize strong dialogue with municipalities and local communities throughout the development process, aspiring to be long-term owners of the projects.