In 2022, Sweden’s economy was ranked 23rd in the world in gross domestic product (GDP). The country’s economy is dependent on the export of cars, refined petroleum, packaged medicaments, sawn wood, motor vehicle parts, iron powder, and polymer ion-exchangers.
In 1980, the government of Sweden approved a policy to phase out all nuclear power. In 2010, the Swedish Parliament voted to repeal this policy.
In 2009, Sweden as a member of the European Union (EU) committed to the Renewable Energy Directive, which requires each country to use renewable energy for 20% of its total energy needs by 2020 and 27% by 2030.
In 2016, Sweden as a member of the EU signed the Paris Climate Agreement. The EU committed to a 40% reduction in greenhouse gas emission by 2030 compared to 1990 levels.
Power Generation Capabilities
In 2021, 100% of the people in Sweden had access to electricity. In 2022, the state-owned utility, Svenska Kraftnät used renewable energy (68.38%), nuclear energy (29.83%), oil (1.61%), natural gas (0.17%), and coal (0.01%) and to generate electricity in the country. Hydropower, wind, biomass are the dominant types of renewable energy used to generate electricity in Sweden.
Recent renewable energy developments in Sweden includes the following:
- 5,500 MW Offshore Wind Project – Swedish renewable energy company, OX2 is continuing work on the Aurora offshore wind project in the Baltic Sea. Construction is forecast to begin in 2028. The offshore wind project is forecast to be commissioned in 2030.
- 3,900 MW Offshore Wind Project – German company Skyborn Renewables is continuing work on the Eystrasalt offshore wind project in the Bothnian Sea. Once commissioned the project will generate 10% of Sweden’s annual electricity requirements.
- 146 MW Onshore Wind Project – In December 2021, Swedish company, Holmen commissioned the Blåbergsliden wind project in the northern region of the nation.
- 128 MW Solar Project – Danish renewable energy company, European Energy is continuing on a solar project southern region of the nation. The project is forecast to be commissioned in 2024.
- 60 MW Onshore Wind Project – In August 2023, German renewable energy company, WKN GmbH commissioned the Hultema wind project in the southern region of the nation.
- 18 MW Solar Project – In July 2022, Alight commissioned a solar project in the southern region of the nation.
In 2022, Sweden’s waste-to-energy plants converted 99% of the country’s wet and dry waste into energy. Energy recovery from waste is the conversion of non-recyclable waste materials into electricity, which eliminates the necessity of landfills which produce greenhouse gas emissions.
In 2022, Sweden generated over 98% of the nation’s electricity from zero-carbon power plants! Offshore wind will enable Sweden to achieve its zero-carbon power goal before 2030.
Website – “Our Energy Conundrum”
Jack Kerfoot is a scientist, energy expert, and author of the book FUELING AMERICA, An Insider’s Journey and articles for The Hill, one of the largest independent political news sites in the United States. He has been interviewed on over 100 radio, podcast, and television stations from New York City to Los Angeles on numerous energy related topics.