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Sweden

Two Green Wind Ab projects given government grants

Two wind projects have been granted SEK 3.4 million from the government's dwindling pool of capital subsidies for wind power. SEK 1.5 million has been granted to Green Wind AB to help build a three turbine plant in Bureå and a further SEK 1.9 million will go to Eolus Vind towards the cost of a three machine plant in the district of Kristianstad. In both cases the subsidies amount to about 10% of the total investment. The money comes from a SEK 300 million subsidy pool for wind power development during 1997-2002 in a bid to increase electricity by 0.5 TWh. According to Gunnar Lundström at the Swedish Energy Agency (STEM), the latest investments should increase production by as much as 0.715 TWh. Of the SEK 300 million, there is now only SEK 50 million left according to STEM's Susanne Persson. As a result, Nordanvind AB was unsuccessful in its application for a SEK 38 million grant to build an 18 turbine wind farm at Bondön. The project now hangs in limbo. Nordanwind's Hans-Erik Flodin now says an application for less than the SEK 38 million has been lodged with STEM. A final decision on whether the project will still go ahead without subsidy has not yet been made, says Flodin. Persson says it would be unrealistic for STEM to pledge such a large proportion of the remaining money to one single project when there are still many applications left to be processed. There are currently 24 proposals under consideration and although the original deadline for the handouts has now expired, grants will be allocated until the money has dried up.

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