The new budget will be devoted to private individuals only. The Swedish Energy Agency has so far devoted around $570 million to the solar rebate program, for the 2009-21 period.
Sweden saw extraordinary high spot prices during last summer, due to difficult power transmission from the north, where most of power generators are located, to the south of the country, where most of the demand is concentrated. According to Swedish PV association Svensk Solenergy, solar-plus-storage offers a quick and scalable solution to avoid expensive and slow grid improvements.
Sweden was set to replace its rebate scheme with unspecified tax breaks by the end of this year, but the government has instead decided to allocate another $31.5 million for 2021 – for enterprises and municipalities only.
A 5 MW array is being deployed at a logistics center owned by Stockholm-based real estate specialist NREP.
On the top of the new fiscal measure, the Swedish government has also announced that the rebate scheme for rooftop PV, which was originally scheduled to be closed this year, will be continued in 2021. It will only apply to municipalities and enterprises and with a limited budget of 260 million SEK ($29.6 million), however.
The Swedish Energy Agency this week said solar power supplies will increase from 400 GWh in 2018 to 1.7 TWh in 2022. Total energy supply in the country is expected to decline from 551 TWh to 526 TWh in the 2019-22 period, due to the shutdown of several nuclear power plants.
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