Electricity Industry Profiles—Sweden
Sweden has a high renewable energy potential. The country has met its 2020 renewable energy target of 49% in 2013 already. Sweden plans to continue efficient operation of its existing energy sources and is committed to 100% renewable energy by 2040. Sweden has a huge potential for electricity generation from wind, biomass and biogas, which form a key investment area for the future. Frost & Sullivan is optimistic that solar investments will increase with the government’s decision to abolish the solar energy tax, however solar energy would account only for less than 5-10% of the total generation by 2030. Electric and hybrid cars are enjoying strong growth in Sweden and the combination of electricity and biofuels is driving investment in grid infrastructure, and additional generation capacity.
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