Well, it certainly looks to be so! According to a Report submitted by GlobalData, Sweden’s gross final energy consumption through Renewable Energy is expected to reach 50% by the end of 2020! That means half the energy consumption in Sweden will be through wind and solar energy which is huge for a whole country!
That’s not all the report also claims that 63% of electricity demand is to be met by Renewable energy sources in the given period. Besides, 62 percent of heat consumption and 14 percent of energy demand in transport are to be met by renewables by 2020.
Now, let’s talk about the share of wind and solar energy in this massive increase!
The share of solar PV capacity is expected to increase at a rate of 16% compound annual growth rate (CAGR) between 2019 and 2030 which is an increase to 3.1 GW in 2030. This is all thanks to government support and policies. So, as is evident, the Government itself has taken it upon itself to go green for the sake of our world!
When it comes to Wind energy, onshore wind power i.e. the wind farms on land have accounted for 17% of energy consumption in 2018 and even that is expected to reach 35% by 2030. Offshore wind power contribution has been relatively very low but even that is aimed to increase at a colossal 15% CAGR. This rapid increase is thanks to the massive expanse of Sweden’s coastline.
Well in addition to all these sharp increases to using renewable energy, the government has also decided to put in place measures for the efficient use of non-renewable energy. And besides these advancements, Hydropower and Nuclear power already make up most of the energy generation which is at 38% and 20% respectively.