__The Swedish wind energy company IOWN Energy has entered into an agreement with Hydro's renewable initiative Hydro Rein to form a partnership and sell 80 percent of a portfolio consisting of 25 wind power projects under development in Sweden and Norway. The projects have a potential installed capacity of 2.4 GW.__

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.

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.

> “We are convinced that the extensive electrification of society ahead of us requires strong collaborations between various actors contributing their expertise to the projects. Hydro Rein has an ownership perspective that we value and share. Hydro Rein’s strong connection to power intensive industries, combined with IOWN’s expertise in land based, wind power project development, is an alliance for the future of renewable power production. We at IOWN are very proud and pleased to collaborate with Hydro Rein.” - Richard Larsson, Head of IOWN in the Nordics.

> “We are pleased to join forces with IOWN and secure a large portfolio of wind power projects in Sweden and Norway. The transaction is in line with Hydro Rein’s strategy of focusing on early phase projects in our core markets. IOWN has a competent team with extensive experience from wind power development in the Nordics, which will complement Hydro Rein well.” - Olivier Girardot, Head of Hydro Rein.

> “With its long history and experience as a power producer, along with a strong focus on sustainability and local anchoring, Hydro Rein will become a perfect partner for IOWN during both development, construction, and operation.” - Gustav Grumert, Head of Projects for IOWN in the Nordics.

### 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 industry needs more power. With this project portfolio, Hydro Rein will contribute to the electrification of existing industry as well as the development of new green industries, both in Sweden and Norway. We are strengthening our role as a leading supplier of renewable energy solutions for more sustainable industries.” - Olivier Girardot.

Sweden and Norway both recognize the need for new, renewable energy sources. Sweden aims for 100 percent of its electricity to be entirely sourced from fossil free sources by 2040. Similarly, Norway’s Energy Commission has recommended a target of 40 TWh of new power production by 2030.

Hydro Rein is currently developing 1,050 MW of renewable energy projects in Sweden. Stor-Skälsjön, a 260 MW project developed jointly by Hydro Rein and Eolus, is nearing completion and preparing to enter the operations phase. In Norway, Hydro Rein has a renewable energy portfolio of about 700 MW.

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.

### About IOWN Energy

IOWN is a Swedish-owned corporate group in renewable energy with operations in the USA, Sweden, and Norway. By linking development expertise and financing with renewable energy projects, alliances are built between landowners, project developers, investors, and local communities. IOWN works with wind power, solar power, and energy storage.  [IOWN Energy](https://www.iownenergy.se)

### About Hydro Rein 

Hydro Rein is a leading provider of renewable energy solutions to industrials, established by the global renewable energy and aluminium company Hydro in 2021. Hydro Rein has a diversified portfolio of more than 40 renewable energy and energy efficiency projects under development in core markets in the Nordics and Brazil. [Hydro Rein](https://www.hydro.com/en/energy/renewable-growth/)

iown_hydro_group

IOWN Energy enters partnership with Hydro Rein 

__On May 4, 2023, IOWN had the honor of being awarded the SACC USA Business Award 2023 during the SACC USA Executive Forum at the House of Sweden in Washington D.C.  This is the first year the award is being presented and was established by the Swedish-American Chamber of Commerce in the United States (SACC USA) to recognize, support, and celebrate fast-growing Swedish companies operating in the U.S.__

![iown-sacc-business-award-2023](//images.ctfassets.net/lhi10hw3cash/5bU0Gig6X9BEuVuUX9RIf7/34ab7037d3751433f39bab2e1bef8a66/iown-sacc-business-award-2023.jpeg)

The jury consisted of representatives from SACC USA and other business leaders from Sweden and the U.S.  Their decision was shaped by IOWN’s demonstration of ability to create and maintain remarkable growth figures in an unstable period of history around the globe; marked by the pandemic and economic uncertainty.  Additionally, they were able to see the innovative approach that connects stakeholders and builds alliances that contribute to accelerating the development of a globally sustainable society.

The award was presented by Peter Fellman, editor-in-chief of Dagens Industri and Business Manager of Bonnier News Business, who also is a part of the jury for the SACC USA Business Award.  Dagens Industri's Gasellpris, for Sweden's fastest-growing companies, has inspired this award.

IOWN’s CEO, Hans-Christian Schulze who was present in Washington D.C. to receive the award, said, 

> My team and I are incredibly honored and proud to be the first recipient of the SACC USA Business Award. It is satisfying to be recognized for our achievements in the fight against climate change. The award serves as a testament and reminder of the significance of my colleagues’ hard work and dedication. Transitioning to a sustainable energy system is an important and enormous effort, and moments like this give us the boost of energy we need to continue moving forward with strength and determination. The U.S. is a highly competitive market so it’s great that SACC USA is recognizing Swedes who are successfully navigating the landscape. We want to express our gratitude and thanks to SACC USA and in the spirit of the award, IOWN is committed to accomplishing all that we have set out to achieve.

# About IOWN
IOWN invests in projects, people, and ideas withing the renewable energy sector.  We are developing a pipeline of wind, solar and standalone energy storage assets across the United States and Northern Europe.

To accelerate a solution to climate change, IOWN takes an enterprising approach to develop, finance, construct and manage turnkey utility-scale wind, solar, and energy storage projects.

Our team combines the key ingredients of industry experience, market intelligence, and ingenuity to proficiently evaluate opportunities and successfully increase value at each state of project development.

[https://www.iownrenewable.com/news](https://www.iownrenewable.com/news)

[https://www.iownenergy.se/nyheter](https://www.iownenergy.se/nyheter)

# About SACC USA Business Award
The SACC USA Business Award is established by the Swedish-American Chamber of Commerce USA (SACC USA). The prize aims to highlight and recognize fast-growing Swedish companies operating in the USA, which is also one of Sweden's most important export markets. The jury consists of prominent representatives from SACC USA's regional chambers of commerce, the editor-in-chief of Dagens Industri, as well as Swedish and American business leaders. The first prize was awarded during the SACC USA Executive Forum 2023. Learn more about the prize and its statutes here, [https://www.sacc-usa.org/business-award](https://www.sacc-usa.org/business-award)


IOWN wins the SACC USA Business Award in its Inaugural Year

CIOInsights - Insights from Technology Leaders's January issue features their Top 10 Leading Energy Solution Companies to Watch in 2023, with IOWN Renewable Energy making the cover story. 

![Hans-Christian CIOInsights Cover Photo](//images.ctfassets.net/lhi10hw3cash/3xnEQqI2ickv9BTmLBcriD/ad4b309bb3b9e387b42f843cd88d6fb8/Cover_photo.png)

Our CEO, Hans-Christian Schulze, shares how IOWN has and continues to impact energy conservation and the renewable energy field. Schulze comments that "we are rapidly growing our team and project pipeline to serve U.S. energy customers and investors in the pursuit of modernization of the power generation fleet and in doing our part to minimize the impact of climate change.” 

[Click here](https://www.cioinsights.com/top-10-leading-energy-solution-companies-to-watch-in-2023) to read more on what Hans-Christian says about the industry and his vision for setting the market for sustainable energy solutions.

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