EnergyWatch

Major renewables fund keen on Swedish wind turbines

Until now, low electricity prices in the Nordics have kept Glennmont Partners from investing in the region. But price improvements now make Sweden an attractive market, according to the fund.

Photo: Deif

LONDON

In Denmark, you still have to look hard to find a new onshore wind turbine, but in the neighboring country of Sweden, it is the opposite. A long line of projects are either under construction or headed in that direction in Sweden – not least because of favorable policies in the area and a Nordic electricity price which has started to rise after hovering at a record low.

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