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The wind power market in Sweden has strong potential for growth among other sources of power in renewable energy space. Government initiatives and strong potential for wind power generation has played a strong role in attracting investments in this segment. Growing demand for green energy and the targets set for electricity generation through wind power are expected to boost the market.
The report begins with an overview of the wind power industry in the European Union indicating the installed capacity, growth and the electricity generated as well as the future growth expected in the market. Sweden’s current and future wind power scenario has been covered including installed capacity, electricity production mix and the forecasted growth based on energy targets. An analysis of drivers explains factors contributing to the huge potential based on the geographical advantages, policies discouraging conventional energy use, Green Certificate System, cost considerations and EU directives. The key challenges identified include legislative shortcomings, negative externalities and weakening of the Swedish crown.
The major government programmes and initiatives forwarded towards the development of the industry including Electricity Certificates, climate and energy policy, programme supporting technical development, Vindforsk programme, grants for research and development in the field of wind energy have been discussed.
Competition section profiles of the major players in the market. The section contains a snapshot of the corporation, financial performance and business highlights, providing an insight into the existing competitive scenario.