Europe / Caspian / CIS
Country profile: Sweden
| Location: | Northern Europe, bordering the Baltic Sea, Gulf of Bothnia, Kattegat, and Skagerrak, between Finland and Norway |
| Climate: | temperate in south with cold, cloudy winters and cool, partly cloudy summers; subarctic in north |
| Terrain: | mostly flat or gently rolling lowlands; mountains in west |
| Size: | 449964 sq. km total (Land area: 410934 sq. km Water area: 39030 sq.km) |
| Population: | 9,045,389 (July 2008 est.) |
| Languages: | Swedish, small Sami- and Finnish-speaking minorities |
| Government: | constitutional monarchy |
| Capital city: | Stockholm |
| Legal system: | civil law system influenced by customary law; accepts compulsory ICJ jurisdiction with reservations |
| Currency: | Swedish krona (SEK) |
| Licensing: |
Country profile
A military power during the 17th century, Sweden has not participated in any war in almost two centuries. An armed neutrality was preserved in both World Wars. Sweden's long-successful economic formula of a capitalist system interlarded with substantial welfare elements was challenged in the 1990s by high unemployment and in 2000-02 by the global economic downturn, but fiscal discipline over the past several years has allowed the country to weather economic vagaries.
Sweden joined the EU in 1995, but the public rejected the introduction of the euro in a 2003 referendum.
Energy production and consumption
| Oil | Gas | |
| Production: | 2,350 bbl/day (2005 est.) | |
| Consumption: | 363,200 bbl/day (2005 est.) | 893 million cu m (2005 est.) |
| Exports: | 231,100 bbl/day (2005 est.) | |
| Imports: | 580,600 bbl/day (2005 est.) | 893 million cu m (2005 est.) |
| Reserves: | NaN | |
| Major fields: |
Sweden - recent news
| 28 Apr 25 |
BW ESS and Nordea Bank sign largest ever battery storage financing in the Nordics BW ESS has secured a SEK 628m green loan agreement with Nordea Bank for its 211MW/211MWh portfolio of operational battery storage assets in Sweden, owned in partnership with Ingrid Capacity. The transaction is BW ESS’ first external financing and understood to be the largest battery energy storage system (BESS) financing in the Nordics to date. |
| 31 Mar 25 |
Sweden: Eolus and Hydro Rein complete construction of the 260 MW Stor-Skälsjön onshore wind project in Sweden Eolus and Hydro Rein have completed construction of the 260 MW Stor-Skälsjön onshore wind project in Sweden. The wind farm is located in Sundsvall and Timrå municipalities in northern Sweden (SE2). Eolus and Hydro Rein acquired the project jointly from Enercon in June 2021. |
| 24 Mar 25 |
Sweden: Equinor acquires onshore wind farm in southern Sweden Equinor has acquired the operational 95 MW Lyngsåsa wind farm from SUSI Partners. The acquisition is in line with Equinor’s onshore renewables strategy of being a market driven power producer across select markets in Europe and the Americas. |
| 03 Feb 25 |
Sweden: Lhyfe secures c.11m grant for a second 10 MW production site in Sweden Lhyfe, one of the world’s pioneers in green and renewable hydrogen, has announced funding of up to c.€11 million (SEK 130 million) to build a renewable hydrogen production facility in Vaggeryd, Jönköping County, in southern Sweden. |
| 16 Jan 25 |
Sweden: Suomen Voima and Statkraft sign first PPA in Sweden Suomen Voima and Statkraft have signed a 15-year power purchase agreement (PPA), effective as of January 2025. The contract corresponds to an estimated annual volume of 100 GWh, produced in the Nedre Bjurfors hydropower plant and the Björkhöjden wind farm. Both plants are owned and operated by Statkraft and are in the Swedish bidding area SE2, making this deal Suomen Voima’s first on Swedish ground. |
Sweden - more news
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