Which segment dominates the Swedish solar power market in 2024?

The solar rooftop segment continues to dominate the Swedish solar power market, holding approximately 55% market share in 2024.

How has the energy price crisis impacted solar panels in Sweden?

The energy price crisis has further accelerated the adoption of solar panel solutions in Sweden. As of August 2022, the average monthly electricity wholesale price reached EUR 190.12/MWh, marking a dramatic increase of approximately 350% from EUR 54.34/MWh in January 2019.

What's happening in the ground-mounted solar market in 2022?

The market is witnessing a surge in large-scale project developments, particularly in the ground-mounted segment. In March 2022, Swedish renewable developer Recap Energy formed a joint venture with Finnish investment company Korkia to develop more than 200 MWp of ground-mounted solar farm projects over four years.

Is solar energy economically viable?

The levelized cost of electricity (LCOE) for large-scale solar power projects has become increasingly competitive, reaching EUR 0.02737/KWh in 2022, making solar energy an economically viable option for various stakeholders.

Which companies are investing in ground-mounted solar?

For instance, the joint venture between Recap Energy and Korkia to develop more than 200 MWp of ground-mounted solar PV projects, and Helios Nordic Energy AB's agreement with Nordic Solar to acquire four ground-mounted projects with a combined capacity of approximately 220 MWp, demonstrate the growing confidence in solar investments.