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Sweden's renewable energy market is at the forefront of the clean energy transition, with renewables accounting for over 60% of the country's total electricity generation in 2022. This figure is projected to reach 100% by 2040, driven by ambitious government targets, declining costs of renewable energy technologies, and strong public support for clean energy. Sweden's abundant renewable energy resources, particularly in hydro, wind, and biomass energy, position it well to achieve its ambitious renewable energy goals.
The Swedish government is a leading advocate for renewable energy development and has set a target of achieving a 100% renewable energy-powered economy by 2040. The government actively supports the sector through various procurement measures, including:
The Renewable Energy Act 2010, which establishes a framework for promoting renewable energy
The National Renewable Energy Action Plan (NREAP), which outlines the government's renewable energy policy goals and targets
The Swedish Energy Agency (SEA), which manages renewable energy auctions and supports renewable energy projects.
The Swedish government procures a diverse range of renewable energy products and services, including:
Hydropower: Hydropower is the largest source of renewable energy in Sweden, accounting for over 40% of the country's total renewable electricity generation.
Wind energy: Wind power is gaining significant traction in Sweden, with over 8 gigawatts (GW) of installed capacity and further expansion planned.
Biomass energy: Biomass energy plays a significant role in Sweden's renewable energy mix, accounting for around 20% of the country's total renewable electricity generation.
Top Authorities for Sweden Renewable Energy Procurement
The top authorities overseeing renewable energy procurement in Sweden are:
The Ministry of Environment and Energy
The Swedish Energy Agency (SEA)
The Energy Market Inspectorate (Ei)
Major companies that have secured significant renewable energy procurement contracts in Sweden include:
Vattenfall: Vattenfall is a Swedish energy company with a diversified portfolio of renewable energy assets, including hydro, wind, and biomass.
Svenska Kraftnät: Svenska Kraftnät is the Swedish national transmission system operator and actively supports renewable energy integration into the grid.
Eolus Vind: Eolus Vind is a Swedish renewable energy developer with a focus on wind projects.
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