The Swedish Energy Agency has just released its quarterly report for Q2 2019 on renewable power within the Electricity scheme. The new data showed, in large, no additional build-out at all.
Around 0,8 TWh has been commissioned during the quarter but this was counteracted by almost 0,7 less production under construction. The agency has also reduced it estimates on projects with investment decisions to only 0,6 TWh instead of previous 1,4 TWh (in which the large project Markbygden etapp 2 had already been removed from the list). No new investment decisions have been taken since last report although some have projects have entered into construction phase.
Is this a sign of increased insecurity from investors - perhaps due to the large question marks regarding the continuation of the electricity certificate scheme and the latest debates on the long-term energy agreement? Investors describe Sweden as a country with a stable regulatory environment. Let us hope this is not undermined and investors remain confident enough to continue its investments in Swedish wind- and solar power. This will be needed.
Mia Bodin, Bodecker Partners
Bodecker Partners’ expertise within Swedish electricity certificates and carbon emission rights, as well as the Nordic power market, is first-class. We offer independent advisory services to power producers and renewable energy investors in addition to tailored portfolio management services for electricity certificates and carbon emission rights.