RES and Modvion enter a collaboration to develop future wind farms
RES, the world’s largest independent renewable energy company, has signed a letter of intent to include Modvion’s wooden wind turbine towers in future wind energy projects. The agreement, signed with RES, will ensure that RES wind farms become some of the most sustainable in the world. The agreement outlines a future order of Modvion towers worth approximately 4 billion Swedish krona.
The partnership means that RES Nordics will promote Modvion’s modular, wood-based, tower technology to their wind turbine suppliers. The goal is for turbinemanufacturers to purchase wooden towers to use in RES developed wind farms. Switching from emission intensive materials, like steel and concrete, to a renewable material like wood enables drastic reductions in emissions. The wood also stores carbon, so the tower acts as a carbon sink, thereby reducing emissions for the entire turbine by 30%.
– Innovative solutions that make our renewable energy projects even more sustainable is something that we want to promote, said Matilda Afzelius, CEO of RES in the Nordics, in a press release. RES has committed to the Science Based Target Initiative which focuses on halving emissions before 2030 and achieve net-zero emissions before 2050 and innovations such as Modvion’s are beneficial for reaching such targets.
Renewable energy with renewable materials
The agreement goes on to say that Modvion will continue to supply RESdeveloped wind farms with around 20 towers per year from 2026 to 2036. This represents an order for Modvion of around 4 billion Swedish krona.
– The market is looking for innovative solutions to make wind power more sustainable and solve the challenge of building tall, Modvion can do both. The fact that RES are looking to sign a letter of intent with us, representing a future order of 4 billion sek, is a great confirmation of that, said Pär Hallgren, head of sales at Modvion.
– RES shares our vision of a future with carbon-neutral wind power, said Otto Lundman, CEO at Modvion. “RES wind farms will become the most sustainable in the world when we provide emission free towers. We need more companies like RES to lead the way in building renewable energy with renewable materials.”
Modvion’s patented innovation is also beneficial when it comes to building tall towers, something the industry is striving for. Laminated wood is stronger than steel at the same weight, so building with wood means lighter towers and less need for expensive reinforcements. The towers are built in modules that can be easily transported on standard trucks on public roads, without the need for road-closures.
-In order to generate the most cost-efficient wind energy we need to build taller turbines. That’s where Modvion’s solution becomes very interesting. Being able to reach the stronger winds at heights of 290 metres, while reducing emissions, is an offering that we want to include in our projects as soon as possible. As well as something that aligns with RES’ vision to create a future where everyone has access to affordable zero carbon energy,” said Matilda Afzelius.
Support from Paper Province at the start
Modvion is a member of Paper Province and when the company was in its early stages, they received support from the cluster in establishing their idea of wooden wind towers.