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Offshore wind power

Offshore wind power will play an important role in securing the electricity supply in Europe. We are seeing strong investor interest in offshore wind power, which accounts for a significant portion of our project development portfolio.

The turbines in an offshore wind farm can be both larger in size and greater in number than their onshore equivalents. Combined with stronger and more consistent winds at sea, the result is higher and more predictable energy generation.

Offshore wind farms do not compete with other land uses. They are also usually located a long way from the coast, which reduces their noise and visual impact on coastal landscapes compared with onshore wind turbines.

The challenges for offshore wind power include higher installation and maintenance costs, potential environmental impact on marine ecosystems and possible conflicts with the maritime, defense and fishing industries. Maintaining a close dialogue with all stakeholders and implementing measures to promote biodiversity are essential if we are to address these challenges and maximize the benefits of offshore wind.

OX2 and offshore wind power

Baltic Sea and Kattegat

We are developing offshore wind power in the Baltic Sea and the Kattegat for the Swedish, Finnish and Åland markets.

Hydrogen and Power-to-X

We are planning for the large-scale production of hydrogen in connection with several projects, which in turn can be converted into e-fuels, known as Powerto-X. This helps to make the transition from fossil fuels to sustainable fuels, for example in the shipping industry.


We are exploring opportunities, in conjunction with production of hydrogen, to oxygenate parts of the Baltic Sea floor, contributing to biodiversity and restoring natural ecosystems.


Most of our offshore projects are developed in partnership with Ingka Investments, which is part of the Ingka Group, the world’s largest IKEA franchise.

Explore our project portfolio