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Report: Sweden may end wind farm subsidies by 2022

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Report: Sweden may end wind farm subsidies by 2022

Sweden may end onshore wind farm subsidies at the same time as Norway at the end of 2021, given the profitability of those projects without subsidies, Reuters reported Oct. 23.

Instead, Swedish Energy Minister Anders Ygeman said he plans to pursue the expansion of an existing framework to identify relevant acreage for development to spur investment.

"It makes sense to (end) it together with the Norwegians. We have good faith that we will be able to have more or less the same timetable," Ygeman was quoted as saying. "Because the system is not relevant any more."

The current subsidy program secures 15 years of support for new wind farms, according to Reuters.