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Sweden is facing a major electrification of industry, transport and social functions. Meeting the rapidly growing demand for electricity requires a strong expansion of electricity generation — with onshore wind and solar power playing a crucial role. This is according to the new report “How industry will get enough electricity by 2035", produced by Energiforsk.
The main message of the report
Four research groups — from Chalmers University of Technology and energy consultancy EA Energianalyse, Profu and Quantified Carbon — have analysed how the Swedish electricity system can develop until 2035. Everyone agrees: almost all new electricity generation built in the next ten years will be onshore wind and solar.
“Our analyses show that only onshore wind and solar power will be able to meet an increased demand for electricity from industry until 2035,” says Markus Wråke, CEO of Energiforsk.
If the industry's electricity demand increases sharply, as is likely, half of all electricity production in Sweden will be weather-dependent by 2035. The remaining electricity comes primarily from hydropower, existing nuclear power and cogeneration.
Challenges and solutions
An electricity system with a high proportion of weather-dependent generation requires new solutions to ensure security of supply:
• Gas turbines and energy storage facilities need to be built to handle power requirements at low production.
• Hydropower must be used more flexibly to balance variations in electricity production.
• Electricity consumers — both households and industry — need to be more flexible in their use of electricity.
“Industries and households will be able to save money by shifting their electricity consumption away from the hours when demand and price are highest,” says Malin Strand, business development manager at Energiforsk.
💰 Electricity prices and competitiveness
The report shows that electricity prices are expected to increase and become more volatile. At the same time, the price differences between northern and southern Sweden are decreasing. According to the scenarios, electricity prices in 2035 could be between 50 and 75 öre per kWh before tax, compared to 64 öre in 2023 and 41 öre in 2024.
An important question for the competitiveness of Swedish industry is whether Sweden can continue to offer lower electricity prices than the rest of Europe. The report points out that Sweden's electricity prices are approaching European levels, which makes local and cost-effective electricity generation even more important.
📍 What does this mean?
The report confirms that investing in local, renewable electricity generation is strategically right. By contributing to a more flexible and sustainable electricity system:
✅ We reduce dependence on imported energy and fossil fuels
✅ We strengthen regional energy supply
✅ We create confidence in the future, jobs and new opportunities for business
We are proud to be part of the green transition — and we look forward to continuing to develop the energy solutions of the future in collaboration with business, society and residents.
📚 Deepening and sources
📄 How industry will get enough electricity by 2035 — Energiforsk (website)
📰 Press release: Half of Sweden's electricity production becomes weather-dependent
