Sweden: New Offshore Wind not Commercially Viable

December 13, 2024

Developing offshore wind projects off Sweden's coasts is not commercially viable currently, a government commission tasked with reviewing and speeding up the system for authorizing new wind parks said on Friday.

The commission recommended that Sweden should switch to an auction system for offshore wind farms, widely used in other countries, but the head of the commission said that this would not in itself lead to more wind parks being constructed.

"The analysis shows that with today's market conditions, there are no areas that can be developed on a commercially viable basis," Magnus Hermansson said.

The government reckons Sweden will need to double electricity production in the coming two decades and has said it wants to build 10 new nuclear power plants.

At the start of November, the government rejected 13 of 14 offshore wind applications citing objections from the military about security in the Baltic Sea.

Currently, Sweden allows offshore wind developers to apply to build anywhere but this has led to large numbers of applications being rejected.

Logistics News

ITS Announces $365 Million Expansion Project at Port of Long Beach

ITS Announces $365 Million Expansion Project at Port of Long Beach

EU and Papua New Guinea Partner on Port Infrastructure

EU and Papua New Guinea Partner on Port Infrastructure

Hamburg Deploys AI to Boost Efficiency of Electric Ferry Fleet

Hamburg Deploys AI to Boost Efficiency of Electric Ferry Fleet

Northwest Seaport Alliance Ready for Zero Emission Drayage

Northwest Seaport Alliance Ready for Zero Emission Drayage

Subscribe for Maritime Logistics Professional E‑News

Indonesia reduces search for 17 missing persons after Bali ferry tragedy
Wizz Air will cease operations in Abu Dhabi
Minister: Serbia wants to waive sanctions on the Russian oil company NIS for a fifth time