Sweden sets goal to be one of 1st fossil fuel-free countries
Solar modules. Author: Oregon Department of Transportation. License: Creative Commons, Attribution 2.0 Generic.
Sweden has set aside some SEK 4.5 billion (USD 545.5m/EUR 481.8m) for climate-protection measures in its 2016 budget bill as it wants to establish itself as one of the first fossil fuel-free nations worldwide.
Sweden’s plan includes raising support for solar, wind, energy storage and smart grids. Specifically for solar photovoltaics (PV), the government intends to invest SEK 230 million next year and to keep spending around SEK 390 million per year over the period 2017-2019, it announced last week.
The government is also proposing certain reforms that will help increase the share of renewable energy and encourage the development of innovative environmental technologies, it reiterated in a statement on Monday.
The budget bill for 2016 will be presented to the Swedish parliament, also referred to as Riksdag, today.
At the end of 2014 Sweden had over 5.4 GW of installed wind and just 79.4 MWp of solar photovoltaic (PV) capacity.