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POWER: Sweden Urged to Speed up Energy Expansion to Stay Competitive

POWER
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 Industry leaders are urging the Swedish government to accelerate energy production, streamline permitting, and ensure a level playing field for all fossil-free technologies to secure Sweden’s economic future, according to the Swedish Energy Agency.

  • To reach 300TWh by 2045, Sweden must add 7TWh of electricity annually—a pace unseen in decades and the expansion must take place well before 2045 to ensure the country remains competitive and continues to attract major industrial investments, industry experts added.
  • And countries such as Poland, Germany, France, and the UK, actively attract renewable investments with clear policies and incentives. Sweden must match this effort to remain competitive.
  • Wind power plays a key role in lowering electricity prices and preventing industries from relocating abroad, according to the experts.
  • The industry group noted that the municipal veto system delays critical wind projects and needs urgent reform to ensure stability for investors.
  • Additionally, better coordination with the Swedish Armed Forces is also essential to balance defence needs with wind power expansion.
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 Industry leaders are urging the Swedish government to accelerate energy production, streamline permitting, and ensure a level playing field for all fossil-free technologies to secure Sweden’s economic future, according to the Swedish Energy Agency.

  • To reach 300TWh by 2045, Sweden must add 7TWh of electricity annually—a pace unseen in decades and the expansion must take place well before 2045 to ensure the country remains competitive and continues to attract major industrial investments, industry experts added.
  • And countries such as Poland, Germany, France, and the UK, actively attract renewable investments with clear policies and incentives. Sweden must match this effort to remain competitive.
  • Wind power plays a key role in lowering electricity prices and preventing industries from relocating abroad, according to the experts.
  • The industry group noted that the municipal veto system delays critical wind projects and needs urgent reform to ensure stability for investors.
  • Additionally, better coordination with the Swedish Armed Forces is also essential to balance defence needs with wind power expansion.