The Government of Sweden has rejected a proposal to build a 700 MW subsea interconnector between Sweden and Germany, citing the inefficiency of the German electricity market and fears that the move would push power prices up. Hansa PowerBridge, a joint project between grid operators Svenska Kraftnät and 50Hertz, was aimed at facilitating the transmission of renewable electricity from Scandinavia to Germany.
Southern Sweden already has an electricity production…
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Sweden opts against subsea interconnector with Germany over power price concerns
