The success of green energy in Sweden and Finland sends her to the knockout

The boom of wind farms in Sweden and Finland is turning against them. Reduced electricity prices bankrupt the owners of green generation.

The average annual wholesale price of electricity fell in Sweden to 16-60 euros per MWh, and in Finland to 41 euros. These are the lowest prices compared to the cost before the energy crisis. At the same time, the first victims were those who caused prices to fall.

The boom in wind energy has turned into a crisis for her in Sweden and Finland. According to Tekniikka& Talous, the time has come for bankruptcies and complete stagnation.

So, if last year 1.1 GW of wind power plants were built in Finland, then this year they are not planning any. The Finnish Renewable Energy Association explains the situation with the situation in neighboring Sweden, where Aldermyrberget and Kalix Wind went bankrupt in 2025.

According to Green Power, wind and solar generation account for 26% of electricity production in Sweden and investor interest has faded.

"Unlike the previous two quarters, one turbine order was placed in the third quarter. In total, the order amounted to 25 megawatts (MW). Despite the relatively small order size, this is a positive signal compared to previous months. However, market signals for investments in renewable energy sources remain weak and need to be strengthened to continue growth," Green Power reports.

Low prices are beginning to affect Finland as well. In December, Estonian Enefit left the local market, selling a 72 MW plant. In part, the crisis in both countries is due to the fact that in Scandinavia, state support programs for green energy are being curtailed and it becomes difficult for them to survive in market conditions, unless they receive a large corporate contract.