Sweden has been developing its renewable energy might through different projects and different policies from the Swedish government. Sweden is a reputable name in the clean energy movement.
Sweden is a perfect fusion of modern tech and conventional approach toward renewable energy, this has made the country a unique place. With Sweden building its infrastructure for sustainability and its firms embracing the circular economy trend, it all the new trend in the global markets. Sweden has always preferred and given preference to sustainable and clean innovations and strategies. Swedish government has always aided the economy with its grants and funding’s in the energy research and development sector. The Swedish government is making changes and has taken steps to increase this years budget for the residential and commercial solar rebate program. The announcement was made by the Swedish Center Party which, along with the Liberals, is backing the minority government formed by the Social Democrats and Greens in the Swedish parliament.
Sweden has been the fastest growing market in the Nordics for a while thanks to this subsidy,” said Andreas Thorsheim, founder of Norwegian solar energy platform Otovo. By the looks of it, growth will continue and that the government shall unwind the subsidy in an orderly manner from 2021. Currently the subsidy has been good for building initial interest in PV in Sweden, yet, they are looking forward to a more stable and predictable funding situation when the green tax deduction comes, in 2021. With a bigger budget than ever, it will be interesting to see how the solar industry works out.