Solar Power in the Nordics: A Growing Opportunity

Why potential for Solar Power in the Nordics?

• Solar Yield – Southern Sweden receives 1,000–1,100 kWh/m² per year , similar to northern Germany. Even central Sweden has yields of 900–1,000 kWh/m². In Finland, the solar yield typically ranges from 900 to 1,100 kWh/m² per year depending on the region, with southern Finland receiving higher yields compared to the north.
  
  
• Electricity demand is growing – Collectively, Sweden and Finland’s electricity demand is expected to rise from the current combined total of appr. 220–230 TWh to between 400 and 415 TWh by 2030, with further increases anticipated by 2045. This growth underscores the importance of expanding renewable energy sources and enhancing grid infrastructure to meet future needs.
  
  
• Vast Land Resources – Sweden and Finland have a combined land area of over 80 million hectares, offering ample space for large-scale solar parks.
  
  
• Policy Support – Both countries have ambitious climate targets: Sweden aims for net-zero emissions by 2045, while Finland targets carbon neutrality by 2035.
  
  
• Grid – Grid operators in Sweden and Finland are expanding and upgrading their electricity networks to support growing industrial demand, electrification, and new fossil free electricity production projects.
  
  
• Stable Investment Environment – With strong economies, transparent regulations and development of regulations, and also political stability, Sweden and Finland offer secure, long-term opportunities for solar power investors.