EEW will be Sweden’s largest solar cell developer – pv magazine International
In addition to 290 MW (seven sites) in the advanced stage from its well-established project pipeline with fourteen sites of 485 MW in Sweden, it has an additional 55 MW in the middle and 145 MW at an early stage.
The seven advanced locations are concentrated in southern Sweden, which is currently experiencing record high electricity prices and saw interruptions through Stockholm and the surrounding suburbs this summer, which meant that 48,000 people lacked electricity.
As such, EEW’s projects are positioned to give a material boost to the electricity grid in the right places, help solve these problems while helping Sweden reach its 2045 net zero target.
While Sweden sees an increased interest in the development of large solar power parks, the market is still relatively young and offers a convincing opportunity to develop solar cell projects on a utility scale.
Sweden’s solar energy capacity is expected to triple to an installed capacity of 3.5 GW by 2030.
Svante Kumlin, CEO of EEW, said: “Sweden is on the verge of rapid growth in solar energy when it tries to reach its net zero target for 2045 and address the power shortage that is currently affecting the southern country. Our 13-year track record of successful development of solar energy projects and 14 secured project sites in Sweden mean that we are ideally positioned to be at the forefront of this growth.
“We look forward to moving these projects to the Ready To Build stage and continue to seek additional locations in Sweden to complement our global 7.4GW project development pipeline,” said Mutaz Alkiswani, EEW’s project developer. “We have worked hard to build this comprehensive development pipeline in accordance with the upcoming Swedish development model and with a strong focus on ensuring that the projects can coexist with the environment and especially the region’s highly productive agricultural land. We are proud to have established EEW as the largest solar cell developer in Sweden. ”