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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
BY

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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More from EnergyWatch

Vattenfall secures public funding for hydrogen venture in the UK

Vattenfalls adm. direktør, Anna Borg, havde onsdag besøg af fire regeringsledere samt EU-Kommissionens præsident, Ursula von der Leyen. | Foto: Vattenfall

By producing hydrogen directly from turbines, the utility wants to reduce energy loss and save money. The company has just received state subsidies to develop the first turbine of this kind in the UK, providing a much more efficient solution than other alternatives, says CEO Anna Borg.

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