Wind Farm Cable Approval Granted but Vattenfall Faces Cost Hurdle

The Government grants permission for the power cables to a new offshore wind farm outside Falkenberg. But Vattenfall will have to foot the bill – which means the project may never happen.

» Published:

Wind Farm Cable Approval Granted but Vattenfall Faces Cost Hurdle
Photo: Johan Nilsson/TT

Share this article

This message means that the government ensures that Vattenfall has the conditions to proceed with its project, says Climate and Environment Minister Romina Pourmokhtari (L).

The park itself has already received the green light, but now the government has also granted permission for the underwater cables. The government is simultaneously holding firm that the company – in this case Vattenfall – will bear the cost of them.

Vattenfall has already warned that the Kattegatt South project may need to be paused. This is due to volatile electricity prices, construction costs, and because the state is not taking on part of the bill for connecting the park to the grid.

No "magical solution"

Previously, another wind farm, Kriegers Flak, was paused due to the calculations not adding up.

It is the company that bears the responsibility for financing its production. The plan is for Vattenfall to establish its operations and then make a profit on it, just like it works for other forms of energy, says Romina Pourmokhtari.

She believes that more nuclear power is needed in the system in the long run to stabilize electricity prices for weather-dependent power production – not subsidies for power cables.

My conclusion is that the cables are not a magical solution to this problem.

Two other decisions

The government's decision also comes with conditions for animals and nature, such as protecting marine ancient monuments and minimizing the impact on commercial fishing.

Politicians in Falkenberg have previously protested against large wind farms too close to the coast. Another park called Galene is planned not far from Kattegatt South, but it is located in the Swedish economic zone and a good distance from land, says Pourmokhtari.

I do not think the impact is that great, and there is a lot of industry nearby that is heavily dependent on this production coming online. I hope that all those who work at companies that are dependent on the electricity see the benefit, because somewhere this has to be built.

The government is also tasking the County Administrative Board in Gävleborg with preparing the application for two planned wind farms in southern Bothnia. It concerns Bothnia Offshore Sigma and Bothnia Offshore Lambda North outside Sundsvall and Hudiksvall.

Tags

Author

TTT
By TTEnglish edition by Sweden Herald, adapted for local and international readers

More news

Government Boosts Support for Sweden's Regional Airports

Government Boosts Support for Sweden's Regional Airports

Klarna CEO: Embracing "Swedishness" as a Key Asset

Klarna CEO: Embracing "Swedishness" as a Key Asset

Handelsbanken Swish Payment Disruption Resolved

Handelsbanken Swish Payment Disruption Resolved

Government Proposes Increased Export Credit Guarantees for Swedish Companies

Government Proposes Increased Export Credit Guarantees for Swedish Companies

AstraZeneca Halts UK Research Facility Expansion Plans

AstraZeneca Halts UK Research Facility Expansion Plans

Princess Madeleine's Skincare Brand Launch Draws Lukewarm Interest

Princess Madeleine's Skincare Brand Launch Draws Lukewarm Interest

Länsförsäkringar Swish Payment Issue Resolved

Länsförsäkringar Swish Payment Issue Resolved

Blind Box Trend Raises Concerns Over Consumer Behavior and Spending

Blind Box Trend Raises Concerns Over Consumer Behavior and Spending

France's Credit Rating Downgraded by Fitch

France's Credit Rating Downgraded by Fitch

Microsoft Gains Amid Mixed US Market

Microsoft Gains Amid Mixed US Market

FTC Investigates Google and Amazon Over Advertising Practices

FTC Investigates Google and Amazon Over Advertising Practices

US Proposes G7 Tariffs on China and India Over Russian Oil Purchases

US Proposes G7 Tariffs on China and India Over Russian Oil Purchases

Taco Bell Plans Expansion into Sweden with First Stockholm Location

Taco Bell Plans Expansion into Sweden with First Stockholm Location

Russia's Central Bank Makes Smaller Than Expected Interest Rate Cut

Russia's Central Bank Makes Smaller Than Expected Interest Rate Cut

ECB Officials Divided on Future Interest Rate Decisions

ECB Officials Divided on Future Interest Rate Decisions

Klarna CEO Secures Billion-Kronor Loan to Buy Out Co-Owner

Klarna CEO Secures Billion-Kronor Loan to Buy Out Co-Owner

Six Suspects in Consultant Scandal Face Charges After Spain Raid

Six Suspects in Consultant Scandal Face Charges After Spain Raid

Microsoft to Remove Teams from Office Package in EU Agreement

Microsoft to Remove Teams from Office Package in EU Agreement

UK Economy Growth Stagnant in July as GDP Remains Unchanged

UK Economy Growth Stagnant in July as GDP Remains Unchanged

German Inflation Rises to 2.2 Percent in August

German Inflation Rises to 2.2 Percent in August