SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Busch refuses to back down on Vattenfall: "Misleading"

Minister for Energy and Enterprise Ebba Busch (Christian Democrats) criticizes Vattenfall due to the paused wind power project Kriegers Flak. The state-owned energy giant "has no control over its things" according to the minister. The statement from Busch is "uniquely weak", says the S-leader.

» Updated: 07 October 2024

» Published: 01 October 2024

Busch refuses to back down on Vattenfall: "Misleading"
Photo: Johan Nilsson/TT

The sea-based Kriegers Flak project was given the green light by the previous red-green government in 2022 and was scheduled to be operational in 2028.

However, in early September, Vattenfall pressed the pause button, citing that the current conditions do not make it profitable to build the wind farm. Part of the motivation was that the Swedish state does not cover the cost of connecting the wind farm to the grid.

Has confidence

However, Ebba Busch questions this in an interview with Dagens Nyheter.

I'm calling out Vattenfall on this. They don't have a grip on their stuff, she says to the newspaper.

When asked by TT on Tuesday if she means that it's a game from Vattenfall's side, the answer is no.

I mean that it's misleading to paint the connection fee as the decisive factor for wind power projects in Sweden, says Ebba Busch.

According to Ebba Busch, Vattenfall has not been able to answer the so-called capacity factor for Kriegers Flak, i.e., how much available capacity there is to connect new businesses and industries.

And then I'm calling them out on it, she says.

Ebba Busch still has confidence in Vattenfall's management, she says.

"Must correct"

Formally, it is Finance Minister Elisabeth Svantesson who is the responsible minister. She says to TT:

The government has full confidence in Vattenfall's board and management. As for the discussions that have taken place between Vattenfall and the Ministry of Enterprise and Innovation, I don't know anything about that.

The Social Democrats' party leader Magdalena Andersson believes that Prime Minister Ulf Kristersson must take a stand against the minister's statement:

We have a vice prime minister who instead of taking responsibility for the government's energy policy failure is blaming a state-owned company. It's uniquely weak. Therefore, my demand on Prime Minister Ulf Kristersson is that he must intervene and correct this, she says.

Representatives of Vattenfall do not want to comment on Busch's statements.

According to Dagens Nyheter, Vattenfall has stated in an email that they "of course have a grip on their numbers" and that the connection fee "is one of several factors in an investment decision".

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Technology stocks drive the market on a cheerful New York stock exchange
2 MIN READ

Technology stocks drive the market on a cheerful New York stock exchange

EU updates Mexico agreement
1 MIN READ

EU updates Mexico agreement

Memorial Ceremony for PG Gyllenhammar
1 MIN READ

Memorial Ceremony for PG Gyllenhammar

Investigation expanded against X
1 MIN READ

Investigation expanded against X

Trump waits to enforce Tiktok ban
3 MIN READ

Trump waits to enforce Tiktok ban

Star Chef Tommy Myllymäki Loses Rental Dispute – Forced to Leave
1 MIN READ

Star Chef Tommy Myllymäki Loses Rental Dispute – Forced to Leave

Better than expected for Saab
1 MIN READ

Better than expected for Saab

Better than expected for Saab
1 MIN READ

Better than expected for Saab

Norwegian giant fund seeks next CEO
1 MIN READ

Norwegian giant fund seeks next CEO

Inflation rise in eurozone confirmed
1 MIN READ

Inflation rise in eurozone confirmed

Bankers to build European transfer system
1 MIN READ

Bankers to build European transfer system

Lower prices on gasoline and diesel
1 MIN READ

Lower prices on gasoline and diesel

NCC Rebuilds Oceana After the Fire
1 MIN READ

NCC Rebuilds Oceana After the Fire

Unexpected setback for British Christmas trade
1 MIN READ

Unexpected setback for British Christmas trade

Solid stock market rise in Stockholm
2 MIN READ

Solid stock market rise in Stockholm

You'll find the cheapest food here
2 MIN READ

You'll find the cheapest food here

China reaches growth target after strong final quarter
2 MIN READ

China reaches growth target after strong final quarter

Down in Japan – up in China
1 MIN READ

Down in Japan – up in China

Upward trend for China's economy
1 MIN READ

Upward trend for China's economy

Down on Wall Street
1 MIN READ

Down on Wall Street