Swedish utility Vattenfall said on Monday it had agreed to buy an 85% stake in two early-stage offshore wind projects off Sweden's west coast from Norwegian wind farm developer Zephyr.
State-owned Vattenfall said in a statement it expected the projects to have a combined production capacity of 2.8 gigawatts (GW) and to generate 10.5 terawatt hours (TWh) of electricity annually once fully developed.
It did not provide a purchase price for the stake nor a timeline for the project's construction.
(Reuters - Reporting by Anna Ringstrom, editing by Terje Solsvik)
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