Electricity in Sweden in 2024

Sweden's electricity generation in 2024 showcases an impressive commitment to low-carbon energy, with more than 96% of its electricity coming from clean sources. Hydropower leads the way, contributing around 40% of the total electricity, followed by nuclear power at about 30%, and wind power at almost 25%. Solar energy makes up just over 1% of the mix. This robust green framework not only supports Sweden domestically but also positions the country as a significant net exporter of clean electricity, helping neighboring nations reduce their emissions. Looking forward, the challenge for Sweden lies in expanding this clean electricity reliance into sectors like transport, heating, and industry to further mitigate climate impacts and ensure a sustainable future.

Suggestions

To meet the increasing demand anticipated from electrifying these sectors, Sweden has the opportunity to further invest in expanding both nuclear and wind power, given their substantial current contributions to the electricity mix. By continuing to develop nuclear energy, Sweden can ensure a reliable base-load supply that complements intermittent sources such as wind and solar. In tandem, investing in additional wind farms can take advantage of Sweden's favorable conditions for wind energy, further enhancing its role in the electricity mix. Not only will these expansions help meet domestic needs, but they will also strengthen Sweden's ability to export electricity and promote clean energy beyond its borders.

History

The history of low-carbon electricity in Sweden is marked by significant developments, particularly in the nuclear and hydroelectric sectors. In the early 1980s, nuclear power saw a steady increase, with notable boosts in 1981 and 1986. However, the early 1990s brought challenges, including a significant dip in nuclear generation in 1992, followed by similar downturns in 2000 and 2009, and again in 2020. Such reductions highlight the importance of maintaining and upgrading nuclear facilities to prevent any disruption in clean energy supply. Meanwhile, the hydroelectric sector experienced fluctuations as well, with notable increases in the late 1990s and early 2010s, despite some periods of decline. These historical trends underscore the resilience and adaptability of Sweden's low-carbon energy initiatives and the necessity of strategic investments in sustainable technologies.

Electricity Imports and Exports

Balance of Trade

Maximum Imports

Data Sources