Lillgrund, by far Sweden's largest offshore plant to date, has been in planning since 1997. Vattenfall received permits for the project in 2004. The company has estimated that production from the offshore power station will add about SEK 65 million [EUR 7 million] to its coffers annually from green certificate income, as well an extra SEK 8 million (EUR 865,000] from the country's SEK 120/MWh green power bonus awarded to offshore wind until 2026. In addition, Vattenfall received a SEK 200 million (EUR 21 million) capital grant from the state to help offset costs at the SEK 1.8 billion (EUR 195 million) project.
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