Why does Sweden invest in solar energy?

Sweden's robust economy, characterized by strong GDP growth and low unemployment rates, supports increased investment in solar infrastructure. Additionally, the global shift towards decarbonization and energy independence enhances the attractiveness of solar energy solutions.

How is PV capacity distributed in Sweden?

The distribution of PV capacity in the four different price areas of Sweden was based on the installed PV power per municipality statistics from the Swedish Energy Agency . Some assumptions were made in the simulation to provide the most realistic data.

Does PV electricity have a higher value in Sweden?

With regards to PV, one can see that PV electricity has a higher value in the south of Sweden. The difference in value for PV elec- tricity on the spot market between SE1 and SE4 was on average 3.25 V/MWh for 2014e2020. 3.3.

Why are consumers interested in solar energy in Sweden?

Customer preferences: Consumers in Sweden are increasingly prioritizing sustainability and energy independence, prompting a growing interest in solar energy solutions for both residential and commercial applications. This shift is influenced by a younger demographic that values eco-friendly living and seeks to reduce their carbon footprint.

How many GWh does PV contribute to Sweden?

Yet, in Sweden, the share of PV is low; in 2020, PV contributed to merely 854 GWh (simulated in this study).

How much solar power does Sweden produce?

As can be seen in Table D1the Swedish TSO have, as an example, registered 457.7 GWh of PV production in 2020, while the simulation resulted in 854.1 GWh. The difference between these two values, i.e., 396,4 GWh, are to be understood as the self-consumed PV electricity in Sweden.