wind

Sweden pumps funds into the wind power industry

Sweden is following in the slipstream of the United States, the United Kingdom and the European Union by planning to channel funding into the wind power industry as part of its economic rescue package. Its objective for 2015 is to multiply by five the amount of electricity currently generated per annum by existing wind turbines, which have an installed capacity of only just over 1,000 MW. The Swedish Energy Agency (SEA) will designate SEK 260 million (€25 million) to four wind energy projects.

The SEA has selected four wind farm projects from among 23 bids. One of the winning bidders is Markbygden Vind, which will receive SEK 67 million to help develop one of the first in a series of projects in the north of the country with a total planned capacity of 2,500 MW. Enercon, the German wind turbine manufacturer, holds a 25% stake in Markbygden Vind, while the remainder is owned by the local developer, Svevind.

 

The developer Arise Windpower also put in a successful bid and has been awarded funding of SEK 50 million for a wind farm with a total capacity of between 600 and 900 MW, while Vindkompaniet will receive SEK 69 million to develop a 90 MW installation. Lastly, the Danish electric utility, Dong Energy, has been awarded SEK 26 million for a 30 MW project.

 

At the end of 2008, the country had 1,020 MW of wind power capacity installed (with a further 235 MW added during the current year). Present-day annual wind power production amounts to approximately 2 TWh, while the official target is to multiple this figure by five to reach 10 TWh per annum in 2015. In the longer term, the government’s wind power planning target is 30 TWh by 2030, two-third of which will be generated offshore.

 

 

For additional information:

 

http://www.swedishenergyagency.se

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