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Wind subsidies running dry
1 January 1999
By the end of 1998 two-thirds of the SEK 300 million earmarked for subsidies in Sweden was claimed, and the remainder -- which is meant to last until 2002 -- is likely to run dry already this year. The subsidy scheme, which grants 15% of a wind project's capital investment and covers the period from July 1997 to June 2002, started fully last February (Windpower Monthly, March 1998) and is capped at SEK 60 million a year. Energy authority, NUTEK, had processed applications for a total of SEK 190 million by November, exhausting each year's funds through most of the year 2000. Thus, the last projects approved must wait until 2000 to get their money, and coming projects will have to wait two to three years. NUTEK has asked the government for permission to pay the subsidies when projects have made their final statements of account to avoid delaying development. The energy agency has also asked for additional funding for the five year period.
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