Sweden: Onshore wind power the cheapest and quickest to develop

A report by Swedish energy research company Energiforsk has shown that onshore wind power is the cheapest way of producing energy. The average development cost is SEK 0.32 (EUR 0.03 USD 0.04) per kWh. Onshore wind power is followed by solar energy from large solar energy pa?rks with the cost of SEK 0.43 per kWh, CHP plants based on waste at SEK 0.48 per kWh, hydropower from new stations at SEK 0.52 per kWh, offshore wind power at SEK 0.53 per kWh, CHP plants based on forest chip at SEK 0.55 per kWh, nuclear power a SEK 0.56 per kWh and solar energy from small solar energy systems for villas at SEK 0.79 per kWh. Wind power is also the type of energy that can be most quickly developed on a large scale in Sweden. The cost measure used in the report is levelized cost of energy (LCOE), but the report took into consideration also system costs related to the energy systems' function. The report further concluded that solar energy will be likely strongly developed in the coming years and that nuclear power's lifetime could be extended without subventions.