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    Sweden: Investments in power grid to be sped up


    September 22, 2022 - M-Brain Nordic News

     

      In April 2022, the Swedish Government approved an investment package of SEK 8.40bn (EUR 784mn USD 785mn) by Swedish grid company Svenska Kraftnät, which aims to respond more quickly to the major power demand from the industry and also to enable new wind power to be connected to the grid. Svenska Kraftnät will now speed up investments in the power grid along the coast of Norrland [northern Sweden] to meet increased electricity demand from major industries. One of them is SSAB, which is planning to switch to fossil-free production in Luleå, as well as its other locations. There have been fears that the company would not be able to do so due to shortage of electricity. Now Svenska Kraftnät has announced that lead times for investments in the power grid will be halved to 7 years from 14 years.

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