Posted By Global Banking and Finance Review
Posted on May 16, 2025
OSLO (Reuters) -German utility Uniper is developing its first two solar power farms in Sweden as part of a wider company push to invest into renewable energy, it said on Friday.
In a partnership with solar producer Solgrid, Uniper will develop the Segaas and Segerhult solar farms in central Sweden, with a planned joined capacity of 35 megawatts (MW).
The start of construction is planned for early 2026 and completion expected by 2027 at the latest.
"For Sweden to be able to double electricity production and succeed in the energy transition, we must invest in everything," Johan Svenningsson, CEO of Uniper Sweden, said.
"All types of power is needed," he added.
Swedish government forecasts predict that power demand will rise from 136 terawatt hours (TWh) today to around 300 TWh in 2045, amid growth from industry and transport.
To meet the increase, the current government favours building new nuclear power over adding more intermittent renewable power generation.
Uniper at present operates 74 hydropower plants in Sweden and is a co-owner in all of Sweden's existing nuclear plants while also operating a gas- and an oil-fired power plant in the Nordic country.
On a group level, Uniper is targeting 10 gigawatts (GW) of ready-to-build wind and solar power generation capacity by 2030, with several solar farms already under construction or development in Germany, Hungary and Britain.
(Reporting by Nora Buli, editing by Stine Jacobsen and Terje Solsvik)
