PV – EEW will be Sweden’s largest solar cell developer
In addition to the 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 in the early stages.
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 left 48,000 people without 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 net zero target for 2045.
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.
“Sweden is on the verge of rapid growth in solar energy as it strives to reach its net zero target for 2045 and address the power shortage that is currently affecting the southern country,” said Svante Kumlin, CEO of EEW. “Our 13-year track record of successful development of solar energy projects and 14 secured project sites in Sweden means 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. ”
Mutaz Alkiswani, EEW’s project developer – Sweden, added that the company has worked hard to build this comprehensive development pipeline in accordance with the upcoming Swedish development model and with a strong focus on ensuring that projects can coexist with the environment and especially the region’s highly productive agricultural land.
For further information: