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
| 02 Dec 24 |
Sweden: RPC future-proofs 146MW Swedish wind farm with €115m refinancing Renewable Power Capital has closed a long-term refinancing of its 146MW Klevberget onshore wind farm in Sweden. The innovative refinancing package exceeds €115m – helping to future-proof the capital structure of Klevberget, which started operations in December 2023 |
| 21 Oct 24 |
Sweden: Statkraft applies for 2.1 GW offshore wind permit outside Stockholm Statkraft has submitted a planning application for the 2.1 GW Baltic Offshore Delta North bottom-fixed offshore wind farm in the Baltic Sea. The Delta North windfarm is located in Sweden’s economic zone, approx. 100 kms east of Stockholm and 55 kms east of Sandhamn island. |
| 28 Aug 24 |
Sweden: Octopus Renewables completes sale of Swedish onshore wind farm Further to the Company's announcement on 18 July 2024, Octopus Renewables Infrastructure Trust has completed the sale of the Ljungbyholm onshore wind farm in Sweden to DWS Infrastruktur Europa, a DWS core infrastructure fund. |
| 18 Jul 24 |
Sweden: Octopus Renewables announces sale of Swedish onshore wind farm Octopus Renewables Infrastructure Trust has announced that, as part of its capital recycling programme, it has entered into a conditional agreement to sell the Ljungbyholm onshore wind farm in Sweden to a German institutional investor for total consideration of approx. €74 million. |
| 13 Jun 24 |
Sweden: 2.5 GW Mareld floating offshore wind farm in Sweden receives positive recommendation from County Board The County Administrative Board of Västra Götaland has proposed that the Government approve Freja Offshore’s application to build the Mareld floating offshore wind farm, subject to certain adaptations. Freja Offshore is a 50-50 joint venture between Mainstream Renewable Power (an Aker Horizons company) and Swedish company Hexicon. |
Sweden - more news
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