On 23 October WindEurope CEO Giles Dickson too part in the panel “Ten years of wind power – reviewing the past and glancing into the future” at Vind 2019, the Swedish Wind Energy Association’s annual event.
Here is the current situation of play in Sweden: the country has made a lot of leaps ahead in wind energy in the recent years. From under 4 GW in wind energy capacity in 2012, the country has already arrived at almost 8 GW today. Currently, wind makes up 14% of Sweden’s power need, and an additional 4.2 GW is already under construction.
Looking at the future, Sweden has a national aim of 100% renewable electricity production by 2040. Wind power would need to increase to an annual output of at least 90 TWh to reach this. This would need over €18.4 billion of further investments in wind power.
Sweden needs to apply concrete changes if it wishes to make these ambitions the truth, Dickson stated. The most crucial of these would be applying a stop mechanism for its SE Green Certificates Scheme in 2021. Currently Sweden shares this system with Norway – but while Norway wants to end the scheme in 2021, Sweden wants to maintain it till 2030. Dickson encouraged Swedish policymakers to line up with Norway in 2021, as this will build investor confidence.
Dickson stated that Wind power can account for over half of the electricity consumption in Sweden. But coming to a realisation about this potential means getting the right policies in place.