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Sweden Today

Swedish news in English

Wednesday, October 9, 2024

Sweden Offers Incentives for Wind Power

Published: 2024-09-09

The Swedish government has announced a new financial incentive to encourage municipalities to approve land-based wind power projects.

This initiative aims to address local resistance, a significant barrier to wind power expansion, by offering compensation equivalent to the property tax paid by wind power producers.

Starting in 2025, the government will allocate 340 million kronor, increasing to 400 million kronor by 2027, to municipalities that support wind power development.

Climate and Environment Minister Romina Pourmokhtari emphasized the importance of wind power for Sweden's energy transition and the need for local involvement in decision-making.

The initiative is part of a broader effort to boost fossil-free electricity production and meet the growing energy demands of industries.