Sweden Solar Energy Market Size, Share
The Sweden Solar Energy Market is expected to reach 6 gigawatt in 2025 and grow at a CAGR of 10.76% to reach 10 gigawatt by
Geographical Distribution and Market Segmentation: The report reveals that the majority of PV installations are concentrated in the southern parts of Sweden, with Gothenburg, Uppsala, and Linköping leading in total installed capacity.
The average wholesale electricity price in Sweden stood at roughly 0.031 $/kWh in June 2024. 3 The average household electricity price in Sweden was 0.29 $/kWh in the first half of 2023. Sweden's grid is part of the larger Nordic electricity market, which includes Norway, Finland, Denmark, and the Baltic states.
Total Installed PV Capacity: By the end of 2023, Sweden's total installed PV capacity reached nearly 4 000 MW, a 67% increase from the previous year. This growth continues the strong upward trend seen over the past five years, underscoring Sweden's commitment to expanding its renewable energy portfolio.
Data-center demand is forecast to reach up to 5 TWh by 2030, and Microsoft extended its 24/7 carbon-free pledge to its Swedish campuses in 2024. Vattenfall therefore signed a 10-year 150 GWh PPA that bundles 50 MW of solar with 20 MWh of batteries, creating the first hourly matched solar contract in Sweden.
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