Sweden increases budget for solar incentives by $48m
Funding for the rebate scheme had already been increased in April. Overall, the budget for this year now amounts to almost $125 million.
PPA-linked solar park comes online in Sweden
The 5.8 MW Sparbanken Skåne Solar Park is in the Sjöbo Kommun, in the southern region of Skåne. The facility is selling more than half its output to the spot market and around a third to Swedish bank Sparbanken Skåne under a 10-year PPA. The rest is being traded on the Nord Pool electricity certificate market for renewable energy in Sweden and Norway.
‘Large scale solar offers grid parity in Sweden’
Renewable energy company Eneo Solutions AB has signed a letter of intent for a 20-year power supply deal linked to a 10 MW solar park it will start building in November. The energy buyer is Swedish financial services provider Swedbank. The plant, scheduled for completion by mid-2020, will meet 30% of Swedbank’s electricity demand.
Fortum pairs li-ion storage with hydropower plant in Sweden
The Finnish utility has switched on a 5 MW/6.2 MWh lithium-ion battery storage system at a hydropower plant in Sweden.
Ikea to begin the sale of solar modules in Sweden
By 2025, the furniture giant plans to offer solar panels worldwide at its stores. The company is in negotiation with potential partners and a supplier for the sale of PV panels in Sweden, which is planned to start in the autumn.
Swedish Energy Agency eyes PV to achieve 100% renewables by 2040
Though PV will remain in the shadow of wind and hydropower in the north of Europe, an ambitious solar deployment scenario in Sweden could lift the market into the gigawatt club through to 2040.
Sweden allocates $80 million for solar rebates in 2019
The sum devoted to the rebate scheme was increased by another $32.4 million on top of what the government had previously allocated. The percentage covering the costs for buying and installing a PV system will be lowered from 30% to 20%, which may result in a higher number of installations and larger growth volumes.
Sweden installs record 180 MW of solar in 2018
The northern European country’s cumulative installed solar capacity reached 411 MW at the end of 2018. Around 10,000 new PV systems were deployed in total last year.
Construction begins on Sweden’s largest PV plant
The 5.5 MW facility was built by power company Göteborg Energi. The solar plant, in Säve, near Gothenburg, is intended to increase the utility’s generation capacity from renewable sources.
Sweden increases 2018 solar budget, again
The annual budget for solar rebates has been raised from SEK 390 million to SEK 915 million (US$102.5 million). Additional funds are intended to spur more growth and reduce waiting period for applicants.
