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Solar Photovoltaic (PV) Market in Sweden Grew by Nearly 78 Percent during 2018

/31st May 2019, RENEWABLE MARKET WATCHTM/ More than half of the energy used in Sweden comes from renewable energy sources. Sweden manages to combine a high energy consumption with low carbon emissions. The government’s energy policies have also promoted the use of renewable energy. The share of renewable energy used in Sweden keeps growing. Already in 2012 the country reached the government’s 2020 target of 50 per cent. For the power sector, the target is 100 per cent renewable electricity production by 2040. 

Electricity retailers in Sweden are required to buy a proportion of ‘green electricity’ as part of their normal supply, while power producers receive certification for the renewable electricity they generate.Since 1996 Swedes have been able to choose their power supplier. Around 140 companies sell electricity to Swedish consumers.

Sweden has a rich supply of moving water and biomass, which contributes to the country’s high share of renewable energy. Hydropower (water) and bioenergy are the top renewable sources in Sweden – hydropower mostly for electricity production and bioenergy for heating. Wind power has been the fastest growing source of renewable energy around the world in recent years, and capacity is expanding in Sweden. Between 2000 and 2017, Swedish production increased from 0.5 to 17.5 TWh. Today, there are about 3,600 wind turbines in Sweden with total capacity of 7,407 MW at the end 2018.

The maturing solar markets in Western Europe allowed investors to look for new opportunities in the Nordic countries.  The solar PV market in Sweden saw fast-paced development and has increased by 50% annually in the past 4 years, according to the Renewable Market Watch™. Investment subsidies that have been at 30% are now a bit unclear due to the political turmoil. Cumulative installed solar PV capacity in Sweden has increased from 231 MW at the end of 2017 to 411 MW at the end of 2019, according to statistics published by the Swedish Energy Agency (Energimyndigheten). Over 25,000 small scale solar PV systems are now installed in Sweden and approximately 10,000 of them have been conected to the gird during 2018.

Göteborg Energi have announced the launch of a solar PV power plant in Sweden with 5.5 MW capacity, that would make it the largest single solar installation in Sweden on completion. The commercial operation of the project began in at the end of 2018 post and it is expected to generate close to 5,000 kWh of clean energy annually that will be enough for the electricity needs of 1,100 households. ABB is delivering a substation with switchgear, distribution transformers and relays, together with control equipment and inverters. Innovative solutions for solar power applications connected to the ABB AbilityTM platform, which enables smart monitoring, troubleshooting and control. 

IBC Solar has delivered all components for Sweden’s largest PV rooftop solar PV power plant in the first half of 2018. The plant has been designed and mounted by Solkompaniet, Sweden’s leading EPC contractor for solar PV projects. More than 5,500 polycristalline modules of the brand GCL produce energy for a new logistics center of the online pharmacy Apotea. The solar modules on the roof cover an area of 17,000 square metres.

The more information and answers to your questions about solar energy market in Sweden you may read here: Europe Solar Photovoltaic (PV) Power Market: Outlook 2018÷2027

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