Sweden Is Set To Ditch Wind Subsidies

Sweden, the leader in the share of renewable energy use in the European Union (EU), targets to eliminate subsidies for onshore wind farms by the end of 2021, at around the same time as neighboring Norway, Sweden’s Energy Minister Anders Ygeman told Reuters on Wednesday. Onshore wind developments are already profitable without subsidies, the minister said on the sidelines of a wind power conference in Stockholm. Declining technology costs and battery prices across the board have made unsubsidized onshore wind and solar power the cheapest options…