Galene
Located 21 km west of Varberg, off Halland coast, in Swedish EEZ. 42 km2 area. Up to 21 turbines. Expected annual production ~1.7 TWh.
Status
Advanced Developmentlifecycle stage
ExpectedHafrok completion outlook
Ownership
OX2 — 51% ◆
Ingka Investments — 49% ◆Location
SwedenKattegat
Technology
Capacity
400 MW ◆
Turbines
21 ◇
Foundation
—
Site & conditions
Site rights
Seabed rights held 2023-05 ◆
Water depth
34–73 m ≈
Distance from shore
21 km ◇
Wind speed
9.7 m/s @ 150 m ≈
Revenue & grid
Offtake
—
Grid
Applied · 2024-01 ◆
Connection
Grid concession application submitted to Energy Markets … ◆
Schedule
FID
Not taken
COD · Hafrok
2035 expected
Delivery outlook modelled by Hafrok · calibrated on delivered projects
2035
expected year of commercial operation
Chance of delivery
≈68%
estimated chance this project reaches commercial operation
Advanced Development projects complete ≈75% of the time on Hafrok's record. This one sits well below that: a market with a thinner delivery record, technical complexity and no offtake contract yet.
COD outlook
If it completes, when — Hafrok’s probability by year (teal)
| Year | Probability |
|---|---|
| 2034 | 14.1% |
| 2035 (expected) | 28.0% |
| 2036 | 22.7% |
| 2037 | 14.6% |
| 2038 | 8.7% |
| 2039 | 5.1% |
| 2040 | 3.1% |
| 2041 | 1.8% |
| 2042 | 1.1% |
| 2043 | 0.7% |
How Hafrok got this date
1
Starting point: the last dated milestone
Consent granted in
2023. From there Hafrok adds how long similar projects (in developing offshore-wind markets) took to reach commercial operation, measured on projects that have delivered.2
Typical timing
Starting point plus the typical remaining time gives a middle estimate of
2028; the faster quarter of similar projects would be done by 2026, the slower quarter not until 2028.3
No route to market yet — counted from 2029
The project has no offtake contract yet. No contract, auction or tariff exists in Sweden today that a project without an offtake agreement could win, and none is scheduled. Hafrok believes a first support award there is unlikely before
2029 Q3, and counts from then. This is Hafrok's judgment, not a fact on the record — what it rests on: Sweden market page. The permits are not affected; winners typically reach final investment decision about 2 years after an award (2031 Q3), then build time on top gives 2034 Q3. That is later than the milestone timing, so the auction sets the date.4
Result
Expected commercial operation
2035, likely range 2033–2035 (the middle half of outcomes for similar projects). The auction step above sets the date: the round has to be won before building can start.5
Year-by-year chart
The bars spread that estimate across years using how similar projects actually slipped against their dates — more often late than early, which is why the bars lean right.
6
Chance of delivery — separate from timing
Start from the share of Advanced Development projects that went on to complete — ≈75%, measured on Hafrok's record of delivered and abandoned projects, with an allowance held back where that record cannot yet speak (projects still unresolved, changed market conditions). Consented projects have historically completed at very high rates, but the 2023–25 downturn showed consented-but-unfinanced projects can still fail — the estimate holds back for the offtake and financing gates still ahead. Then adjust for this project's own evidence — offtake, market, size, technical complexity — to ≈68%, which rates it
Expected on Hafrok's four-step delivery scale (Delivering · Expected · Prospective · Fragile).Project timeline & ownership verified milestones on the spine · ownership from Hafrok’s transactions record
Farmdown · 2022-08
OX2 → Ingka Investments 49%
- Stake
- 49%
- Consideration
- not disclosed
- Announced
- 2022-08
- Closed
- 2022-Q4
- Project stage
- early development
OX2 sold a 49% stake in three Swedish offshore wind development projects to Ingka Investments (the investment arm of Ingka Group, largest IKEA Retailer operator), announced 29 August 2022. The three projects are Galatea-Galene (Kattegat, 400 MW permitted portion), Triton (Baltic Sea, Skåne coast) and Aurora (between Öland and Gotland); combined pipeline up to 9,000 MW. Initial cash consideration for all three projects combined: SEK 610 million (~EUR 58m at approximately SEK 10.5/EUR in mid-2022). Additional contingent milestone payments apply: approximately SEK 100,000/MW (~EUR 9,500/MW) for the 49% share, payable when each project receives its environmental permit and both parties agree to proceed. Galene received its national environmental permit (Tillstånd) in May 2023. Post-close: OX2 51%, Ingka Investments 49%. This is a PORTFOLIO SALE at portfolio level; the three-project initial payment of EUR ~58m is not allocatable to Galene alone. The contingent per-MW mechanism means total proceeds are unknown until project-level decisions are taken.
Evidence
From Hafrok’s transactions record
Dashed tick marks today (9 Sep 2026). Ownership lives in the band below: one station per recorded deal, dated at its label, in deal order rather than to calendar scale. Secondary trades appear only at the interchanges; grey lines are parties whose entry or exit Hafrok’s record does not hold.
Revenue & offtake route to market — open
No offtake secured — route to market open
Letter of intent (intentionsavtal) with Varberg Energi (June 2024) — long-term goal is a PPA; no binding contract signed as of June 2025 ◇
The routes describe what exists in this market — not a prediction of which the project will take. Timing math for the auction gate lives in the delivery outlook above.
Installation how the build is going · from satellite counts and Hafrok’s registers
Installation not started
nothing to count yet: the satellite tracker begins when offshore construction does
Installation · on record
StageAdvanced Development
Offshore constructionnot started
Expected start of operationnot stated
Sources & verification
6/14 fields verified · rests on 10 sources (1 primary) · ◆ 2 documents held
◆Verified≈Modelled◇Sourced∴Inferred⌁Convention○Unverified∅No source·Derived
Numbers are stable citation ids — grouped by source class, so they are not consecutive.
Operator2
[4]
OX22023-05-16◆ OX2 receives permission to build 400 MW …
“The Swedish government announced today that OX2 has received permission to build the northern part of the project Galatea-Galene on the west coast of Sweden, with a potential capacity of around 400 MW…”
supportsConsentSite rightsTotal capacityConsent granted
[11]
Ingka Group2022-12
“acquires a 49 percent share in three offshore wind development projects in Sweden ... The three wind power projects are Galatea-Galene in Kattegat, Triton in the Baltic Sea south of Sweden and Aurora …”
supportsoperatorinvestor
Trade press7
[6]
offshoreWIND.biz2024-01-10
Press report — cited, not quoted; read it at the source link.
supportsStatusConnection point
[7]
offshoreWIND.biz2024-06-24
Press report — cited, not quoted; read it at the source link.
supportsDetailOfftake history
[10]
Energi.se2025-06
“Målsättningen är att kunna börja bygga vindkraftsparken 2027 och leverera den första elen 2031.”
supportsFirst power
[12]
offshoreWIND.biz2024-01
Press report — cited, not quoted; read it at the source link.
supportsTurbinesTotal capacityDistance from shore
[13]
The Wind Power2026-07-02
Press report — cited, not quoted; read it at the source link.
supportsCoordinates
[14]
[15]
Unverified import1
[1]
unknown◆ OX2 receives permission to build 400 MW …
supportsTurbinesTotal capacityWater depthDistance from shoreCoordinates