The new wind boom is helping the Nordic nation accelerate the energy development agenda. The next goal: zero emissions. More than 3,000 wind turbines power the production of renewable energy in Sweden.
Rise of renewable energies in Sweden.
Before it was hydroelectric, nowadays, it’s the wind that drives renewables in Sweden.
The boom in wind projects in recent years has accelerated the sector, allowing Sweden to skip several milestones in a single leap: the national green target, set for 2030, will likely be reached by the end of 2018. That’s what the Swedish Energy Agency (Energimyndigheten), which explains how, given the capacities already installed – especially in wind power – and the planned investments, the production of renewable energies in Sweden could add an additional 19 TWh this year.
In contrast, the government’s target was to produce an additional 18 TWh by the end of 2030, and this was already an upward revision of the 2020 target, which had also been achieved previously. According to the agency’s estimates, by December 2018, the country will have around 7,500 MW of wind capacity, for a total of 3,681 turbines. Norway will build new factories, with which Sweden shares a renewable certificate market.
But as wind power grows, power producers are showing concern. The increase in new installations and the record number of planned investments will have a negative impact on renewable energy incentives in Sweden: already in 2021, the prices set on the renewable certificate market were 70% lower than in 2020.
“Keep Sweden attractive for investors […] it is important for policy makers to show that they are concerned about past investmentsSaid Mattias Wondollek, spokesperson for the Swedish Wind Energy Association. “This is possible by entering a block rule based on volume. This would mean that once the 2030 target is reached, new investors will not be able to obtain new grants.. “
Sweden will be carbon neutral by 2045.
The government has also set an energy efficiency target of 50% by 2030, which is higher than the 32.5% required at EU level by the European Commission, and by 2045 it aims to phase out completely its net emissions. A goal which, as Climate Minister Isabella Lövin explained in 2016, could well be achieved before the date set.