Speed is building the largest solar panel roof in the Nordics

The largest roof-based solar cell plant in the Nordic region – both in terms of area and capacity – will be built at Speed’s new head office and warehouse in Viared, outside Borås. The solar cells covers an area of 60.000 m² and is estimated to produce 4 gigawatt hours (GWh) of green electricity per year, corresponding to the annual consumption of about 400 standard villas. The investment enables Speed to offer attractive green logistics and makes the warehouse CO² positive.

“Now, we can offer existing and new customers an attractive green logistics solution, something that is increasingly in demand. Our customers in this warehouse will receive a CO²-neutral solution. As we automate our warehouses, energy demand also increases, whichthe self-produced solar electricity now is compensating,” says Mats Johnson, CEO of Speed.

The solar cell plant is estimated to produce 33% more electricity than the property currently consumes. Speed will use the electricity in day-to-day operations, and the surplus will be available to other users through the grid.

The new warehouse and head office are about to be completed and the entire building of 83.000 m² is expected to be operational in May 2020. The building, owned by Logicenters, is one of the largest logistics properties in the Nordic region and is strategically located along highway 40, about 60 kilometers outside Gothenburg.

Speed is a national provider of logistics services as well as services in staffing, recruiting, and training, with a strong position in an underlying attractive market. The number of employees amounts to approximately 1,050 and sales for 2019 amounted to SEK 707 million. In 2015, Ratos became the majority owner of Speed.

“The fact that we are implementing this initiative feels exciting and absolutely right, both from a business perspective for Speed and from a community and sustainability perspective. Ratos is convinced that there is a strong link between sustainability and long-term value and is something we as owners prioritise highly,” says Christian Johansson Gebauer, Business Area Manager for Construction & Services at Ratos and Chairman of the Board of Speed.

For more information:

Mats Johnson, CEO Speed, +46(0)73 367 75 45
Jesper Andersson, Head of Business Development Speed, +46(0) 70 816 68 37