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 Jul 25 |
Sweden: OX2 acquires wind project in Sweden and strengthens position as long-term owner OX2 has acquired project Fageråsen in Dalarna region from Eolus and Dala Vind. The acquisition includes a planned wind farm with up to 34 wind turbines and an estimated annual production of up to 700 GWh, which corresponds to about 14 percent of Dalarna County’s annual electricity consumption. |
| 08 Jul 25 |
Sweden: Cloudberry and Hafslund reach Final Investment Decision for Dingelsundet Battery Project Cloudberry Clean Energy, together with Hafslund Vekst AS,has announced that the partners have reached a final investment decision (FID) in the joint development of Dingelsundet Battery Energy Storage System ('BESS') project, located outside Karlstad, Sweden. The project’s size will be 24 MW/ 48 MWh and the partners will own 50% of the project each. |
| 06 Jul 25 |
Sweden: Aneo acquires wind farm in Sweden - strengthens its position in the Nordic renewable energy market Aneo, the renewable energy group created through a collaboration between TrønderEnergi and the investment fund HitecVision, has entered into an agreement with KGAL Investment Management to acquire the Bäckhammar wind farm, located in Kristinehamn municipality in southern Sweden (SE3). |
| 25 Jun 25 |
Sweden: BayWa r.e. selected to develop 1.2 GW of onshore wind energy in Sweden BayWa r.e. has been commissioned by Stora Enso, a leading provider of renewable products in packaging, biomaterials, and wooden construction and a private forest owner, to jointly develop several onshore wind projects on Stora Enso’s land in Sweden. The agreement covers more than 1.2 GW of onshore wind capacity in Central and Northern Sweden. |
| 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. |
Sweden - more news
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