Swedish wind energy production will increase by 70% by 2024 – agency

0

A wind farm is seen from an atmospheric research plane en route to the Norwegian Sea from northern Sweden, July 30, 2019. Picture taken July 30, 2019. REUTERS/Hannah McKay

Join now for FREE unlimited access to Reuters.com

Register

OSLO, March 14 (Reuters) – Wind power generation in Sweden is expected to rise by around 70% by 2024 from last year’s level amid rising additional capacity, the state said. Swedish Energy Agency in an analysis published on Monday.

Wind power generation is expected to rise from 27.4 terawatt hours (TWh) in 2021 to 46.9 TWh in 2024, driven by a strong expansion in installed capacity, according to a half-yearly forecast released by the government agency.

In 2021, Sweden installed 2.1 gigawatts (GW) of new wind capacity, equivalent to 6.8 TWh of normal annual generation, according to industry figures.

Join now for FREE unlimited access to Reuters.com

Register

Total net electricity generation will increase from 165.7 TWh to 183.5 TWh over the same period, which will also see a tripling of solar generation from 1.1 TWh to 3 TWh, according to data from the Swedish Energy Agency.

Hydroelectricity and nuclear energy will remain the main and second sources of electricity production in Sweden, with 66 TWh and 52 TWh stable over the period.

Sweden’s net electricity exports are expected to increase from 25.6 TWh to 41.4 TWh between 2021 and 2024, although that figure could be lower if consumption increases faster than expected, the agency said.

Electricity demand from the transport sector is expected to increase from 3.2 TWh to 4.9 TWh over the next three years, while industrial electricity consumption is expected to increase from 46.5 TWh to 47.8 TWh.

However, the latter figure only includes projects that have been fully authorized and could increase by 7.6 TWh if larger projects are approved, the agency added.

Several companies have said they plan to establish fossil-free steel and battery production methods. Read more

Join now for FREE unlimited access to Reuters.com

Register

Reporting by Nora Buli, editing by Terje Solsvik

Our standards: The Thomson Reuters Trust Principles.


Source link

Share.

About Author

Comments are closed.