GDPE0636ICR Sweden Power Market Outlook to 2030 sampleSweden Power Market Outlook to 2030 Business...

Sweden Power Market Outlook to 2030 Business Propensity Indicator (BPI), Market Trends, Regulations and Competitive Landscape GDPE0636ICR / Published January 2013

GDPE0636ICR / Published JAN 2013 Sweden Power Market Outlook to 2030 - Business Propensity Indicator

(BPI), Market Trends, Regulations and Competitive Landscape © GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form

Hydropower Dominates Power Generation in Sweden

Hydropower was a dominant source of power in Sweden in 2011, when it accounted for an overall XX% share of cumulative installed capacity of the country. Large hydropower and pumped storage facilities accounted for a XX% share, while the remaining XX% was contributed by small hydro facilities. The development of large hydro potential in the country is considered complete, and any further development is not possible, due to regulations protecting large rivers in order to maintain the ecological balance. However, around XX MW of small hydropower still has the potential to be developed.

Power Market, Sweden, Breakdown by Type of Power Plant (%), 2011

Large hydro including pumped

storage

Nuclear

Biomass

Wind (onshore)

Small hydro

Gas (thermal)

Others (thermal (coal, oil),

offshore wind, biogas, and solar

(PV))

Source: GlobalData, Power eTrack, Capacity and Generation Database [Accessed on: October 3, 2012]

Decline in Power Consumption due to Energy Efficiency Measures

Between 2000 and 2011, power consumption in Sweden has declined, due primarily to the energy conservation and efficiency measures implemented by the government. The consumption of electricity decreased from XX Gigawatt hours (GWh) in 2000 to XX GWh in 2011 at a negative Compound Annual Growth Rate (CAGR) of XX%. Electricity generation increased during the same period, at a CAGR of XX% from XX GWh in 2000 to XX GWh in 2011.

Power Market, Sweden, Annual Power Consumption and Generation (GWh), 2000-2011

2000 2005 2011

Tota

l gen

erat

ion

(GW

h) a

nd c

onsu

mpt

ion

(GW

h)

Annual consumption (GWh) Annual generation (GWh) Source: GlobalData, Power eTrack, Capacity and Generation Database [Accessed on: October 4, 2012]

Renewable Sources to be the Fastest Growing Sector in Sweden

With the Swedish government focusing on the growth of renewable sources in the country, this sector is set to register the fastest growth rate in the country. Between 2012 and 2030, renewable installed capacity is expected to register a XX% CAGR, with corresponding generation growth at a CAGR of XX%. The growth of renewable capacity is supported in Sweden by a combination of supportive government policy for renewable sources, an abundance of renewable resources, and a corresponding decline in nuclear capacity that will necessitate the growth of renewable sources. Biomass and wind lead in terms of renewable technologies in Sweden. Around XX% of the country is covered by forests, which provide ample resources for biomass power plants. Furthermore, the country receives wind speeds that favor the installation of wind farms. The long coastline of the country provides an opportunity for the expansion of offshore wind power. Small hydropower is being considered by the Swedish government as a renewable resource to be expanded. As such it is eligible for renewable power incentives and is expected to grow in the future.



1 Table of Contents 1 Table of Contents ............................................................................................................................ 3

1.1 List of Tables............................................................................................................................. 5 1.2 List of Figures............................................................................................................................ 6

2 Introduction ..................................................................................................................................... 7 2.1 GlobalData Report Guidance ..................................................................................................... 8

3 Sweden, Power Market, Business Propensity Indicator Methodology................................................. 9 3.1 Methodology for Evaluating the Business Propensity Indicator for Sweden in Western Europe..... 9

3.1.1 Supply Security ................................................................................................................ 9 3.1.2 Regulatory Scenario ....................................................................................................... 10 3.1.3 Infrastructure .................................................................................................................. 10 3.1.4 Macroeconomic Scenario................................................................................................ 11 3.1.5 Competitive Scenario...................................................................................................... 12 3.1.6 Future Potential .............................................................................................................. 13

3.2 Methodology Adopted to Arrive at Final Rank ........................................................................... 14 4 Sweden, Power Market, Business Propensity Indicator ................................................................... 16

4.1 Supply Security ....................................................................................................................... 16 4.2 Regulatory Scenario................................................................................................................ 16 4.3 Infrastructure........................................................................................................................... 16 4.4 Competition............................................................................................................................. 16 4.5 Macro-Economic Factors......................................................................................................... 16 4.6 Future Potential....................................................................................................................... 16 4.7 Sweden, Power Market, Business Propensity Indicator Ranking ............................................... 17

5 Sweden, Power Market Analysis, 2000-2030 .................................................................................. 18 5.1 Sweden, Power Market, Cumulative Installed Capacity and Annual Generation......................... 18

5.1.1 Cumulative Installed Capacity, Breakdown by Type of Power Plant, 2011......................... 18 5.1.2 Cumulative Installed Capacity and Annual Generation, 2000-2030 ................................... 19 5.1.3 Cumulative Thermal Power Installed Capacity and Annual Thermal Generation, 2000-2030

...................................................................................................................................... 21 5.1.4 Cumulative Hydropower Installed Capacity and Annual Hydropower Generation, 2000-2030

...................................................................................................................................... 23 5.1.5 Cumulative Nuclear Power Installed Capacity and Annual Nuclear Generation, 2000-203025 5.1.6 Cumulative Renewable Power Installed Capacity and Annual Renewable Power Generation,

2000-2030...................................................................................................................... 27 5.2 Sweden, Power Market, Import and Export Scenario ................................................................ 29 5.3 Sweden, Power Market, Annual Power Consumption, 2000-2030 ............................................. 30 5.4 Sweden, Power Sector, Consumption Breakdown by Sector, 2010 ........................................... 32

6 Sweden, Power Market, Infrastructure Overview............................................................................. 33 6.1 Leading Active Power Plants.................................................................................................... 33

6.1.1 Leading Thermal Power Plants........................................................................................ 33 6.1.2 Leading Hydropower Plants ............................................................................................ 34 6.1.3 Leading Nuclear Power Plants ........................................................................................ 34 6.1.4 Leading Renewable Power Plants................................................................................... 35

6.2 Leading Upcoming Power Plants ............................................................................................. 36 6.2.1 Leading Hydropower Plants ............................................................................................ 36 6.2.2 Leading Renewable Power Plants................................................................................... 36

6.3 Sweden, Power Market, Transmission Overview ...................................................................... 37 6.4 Sweden, Power Market, Distribution Overview.......................................................................... 38 6.5 Sweden, Power Market, Grid Interconnections ......................................................................... 39 6.6 Sweden, Power Market, Electricity Trading............................................................................... 39

7 Sweden, Power Market, Regulatory Overview ................................................................................ 40 7.1 Overview................................................................................................................................. 40

7.1.1 Power Sector Regulatory Policy ...................................................................................... 40 7.1.2 Energy Policy ................................................................................................................. 40 7.1.3 Nuclear Power Policy...................................................................................................... 40 7.1.4 Renewable Energy Policies............................................................................................. 41

8 Sweden, Power Market, Competitive Landscape: Snapshot of Leading Power Generating Companies..................................................................................................................................................... 42

8.1 Sweden, Power Market, Market Share of Leading Power Generating Companies, 2011 ............ 42 8.2 Key Company in the Sweden Power Market: Vattenfall AB ....................................................... 43



8.2.1 Vattenfall AB, Company Overview................................................................................... 43 8.2.2 Vattenfall AB, Business Description................................................................................. 43 8.2.3 Vattenfall AB, SWOT Anaylsis......................................................................................... 44

8.3 Key Company in the Sweden Power Market: E.ON SE ............................................................. 50 8.3.1 E.ON Sverige, Company Overview.................................................................................. 50 8.3.2 E.ON Sverige, Business Description................................................................................ 50 8.3.3 E.ON Sverige, SWOT Analysis........................................................................................ 51

8.4 Key Company in the Sweden Power Market: Fortum Corporation.............................................. 56 8.4.1 Fortum Corporation, Company Overview......................................................................... 56 8.4.2 Fortum Corporation, Business Description....................................................................... 56 8.4.3 Fortum Corporation, SWOT Analysis............................................................................... 56

9 Appendix....................................................................................................................................... 60 9.1 Market Definitions.................................................................................................................... 60

9.1.1 Power............................................................................................................................. 60 9.1.2 Installed Capacity ........................................................................................................... 60 9.1.3 Active Installed Capacity ................................................................................................. 60 9.1.4 Electricity Generation...................................................................................................... 60 9.1.5 Electricity Consumption................................................................................................... 60 9.1.6 Thermal Power Plant ...................................................................................................... 60 9.1.7 Hydropower Plant ........................................................................................................... 60 9.1.8 Nuclear Power................................................................................................................ 60 9.1.9 Renewable Energy Resources ........................................................................................ 60

9.2 Abbreviations .......................................................................................................................... 61 9.3 Bibliography ............................................................................................................................ 62 9.4 GlobalData’s Methodology....................................................................................................... 63

9.4.1 Coverage ....................................................................................................................... 63 9.4.2 Secondary research and analysis.................................................................................... 63 9.4.3 Primary Research and Analysis....................................................................................... 63

9.5 Contact Us .............................................................................................................................. 64 9.6 Disclaimer ............................................................................................................................... 64



1.1 List of Tables Table 1: Ease of Doing Business-Categories and Definitions............................................................. 11 Table 2: Country Risk-Categories and Sub-categories....................................................................... 12 Table 3: BPI Scoring Parameters...................................................................................................... 15 Table 4: Power Market, Sweden, Breakdown by Type of Power Plant (%), 2011 ................................ 18 Table 5: Power Market, Sweden, Cumulative Installed Capacity (MW) and Annual Power Generation

(GWh), 2000-2030.............................................................................................................. 20 Table 6: Power Market, Sweden, Cumulative Thermal Power Installed Capacity (MW) and Annual

Thermal Generation (GWh), 2000-2030............................................................................... 22 Table 7: Power Market, Sweden, Cumulative Hydropower Installed Capacity (MW) and Annual

Hydropower Generation (GWh), 2000-2030......................................................................... 24 Table 8: Power Market, Cumulative Nuclear Power Installed Capacity (MW) and Annual Nuclear

Generation (GWh), 2000-2030 ............................................................................................ 26 Table 9: Power Market, Sweden, Cumulative Renewable Power Installed Capacity (MW) and Annual

Renewable Power Generation (GWh), 2000-2030................................................................ 28 Table 10: Power Market, Sweden, Annual Power Imports and Exports (GWh), 2000-2010 ................... 29 Table 11: Power Market, Sweden, Annual Power Consumption (GWh), 2000-2030.............................. 31 Table 12: Power Sector, Sweden, Consumption Breakdown by Sector (%), 2010................................. 32 Table 13: Power Market, Sweden, Leading Active Thermal Power Plants (MW), 2012.......................... 33 Table 14: Power Market, Sweden, Leading Active Hydropower Plants (MW), 2012 .............................. 34 Table 15: Power Market, Sweden, Leading Active Nuclear Power Plants (MW), 2012 .......................... 34 Table 16: Power Market, Sweden, Leading Active Renewable Power Plants (MW), 2012..................... 35 Table 17: Power Market, Sweden, Leading Upcoming Hydropower Projects (MW), 2012-2020............. 36 Table 18: Power Market, Sweden, Leading Upcoming Renewable Power Plants (MW), 2012-2020 ..... 36 Table 19: Power Market, Sweden, Transmission Grid Length (Ckm), 2000-2020.................................. 37 Table 20: Power Market, Sweden, Distribution Grid Length (Ckm), 2000-2020..................................... 38 Table 21: Power Market, Sweden, Installed Capacity Share of Major Power Generating Companies (%),

2011................................................................................................................................... 42 Table 22: Vattenfall AB, SWOT Analysis............................................................................................ 44 Table 23: E.ON SE, SWOT Analysis.................................................................................................. 51 Table 24: Fortum Corporation, SWOT Analysis .................................................................................. 56 Table 25: Abbreviations...................................................................................................................... 61



1.2 List of Figures Figure 1: Weights Assigned to the Six Factors (%), 2000-2020 ........................................................... 14 Figure 2: Power Market, Sweden, Business Propensity Indicator Ranking, 2012 ................................. 17 Figure 3: Power Market, Sweden, Installed Capacity Breakdown by Type of Power Plant (%), 2011 .... 18 Figure 4: Power Market, Sweden, Cumulative Installed Capacity (MW) and Annual Power Generation

(GWh), 2000-2030.............................................................................................................. 19 Figure 5: Power Market, Sweden, Cumulative Thermal Power Installed Capacity (MW) and Annual

Thermal Generation (GWh), 2000-2030............................................................................... 21 Figure 6: Power Market, Sweden, Cumulative Hydropower Installed Capacity (MW) and Annual

Hydropower Generation (GWh), 2000-2030......................................................................... 23 Figure 7: Power Market, Cumulative Nuclear Power Installed Capacity (MW) and Annual Nuclear

Generation (GWh), 2000-2030 ............................................................................................ 25 Figure 8: Power Market, Sweden, Cumulative Renewable Power Installed Capacity (MW) and Annual

Renewable Power Generation (GWh), 2000-2030................................................................ 27 Figure 9: Power Market, Sweden, Annual Power Imports and Exports (GWh), 2000-2010 ................... 29 Figure 10: Power Market, Sweden, Annual Power Consumption (GWh), 2000-2030.............................. 30 Figure 11: Power Sector, Sweden, Consumption Breakdown by Sector (%), 2010................................. 32 Figure 12: Power Market, Sweden, Installed Capacity Share of Major Power Generating Companies (%),

2011................................................................................................................................... 42



2 Introduction Sweden is characterized by a mixed economic system. Private enterprises dominate the country’s economy, but Sweden also has an extensive social welfare system in place. As with many developed economies, the services sector dominates, having accounted for an estimated XX% of Gross Domestic Product (GDP) in 2011. The industrial sector accounted for an estimated XX% in 2011, of which the engineering sector accounted for XX% of output. Agriculture, which is completely mechanized and practiced commercially, accounted for XX% of GDP in 2011 (CIA, 2012). Sweden’s economic base is characterized by an abundance of hydro resources, timber, and iron ore.

Sweden’s economy is export oriented. Exports consist primarily of engineering products such as machinery and transport equipment, chemicals, food products, furniture and other timber based products. The Swedish economy suffered in 2009 due to the global economic recession. GDP growth fell by XX% in 2009 (US Department of State, 2012). Moreover, the Swedish banking sector also invested heavily in the Baltic region. This region was hit hard during the economic recession and, as a result, the Swedish banks also suffered, prompting the government to establish a support package.

This helped the banks to return to profitability in 2010 and, supported by an increase in commodity exports, Sweden’s GDP grew by XX% in 2010. The economy continued to grow in 2011, with third quarter results demonstrating a XX% growth over the same period in the previous year. However, growth projections have been revised downward until 2014. According to the Swedish Central Bank, Sweden’s GDP is expected to grow by XX% in 2012, XX% in 2013, and XX% in 2014 (US Department of State, 2012).

Power consumption in Sweden has been decreasing steadily since 2000. From 2000 to 2009, consumption decreased at a negative CAGR of XX%. Following this period of decline, there was a considerable XX% increase in power consumption in 2010 compared to 2009. This increase was due to increased activity in the industrial sector, which accounts for a substantial share of electricity consumption. Activity picked up due to the economic recovery in 2010. Electricity consumption is expected to increase between 2012 and 2030 at a low CAGR of XX%, due primarily to the energy conservation measures implemented by the government. Sweden is a hydro-rich country that derives nearly half of its installed capacity from hydropower facilities. Nuclear and renewable sources also constituted substantial shares of power generation in 2011. Thermal power accounted for a small share of power generation in 2011. Energy imports are comprised largely of oil from Denmark, Norway and Russia, and a small quantity of hard coal imports. Considering the relatively low presence of fossil fuels in energy generation, Sweden has low CO2 emissions and a low CO2 intensity factor. Low carbon energy is a government policy priority.

The power market in Sweden falls under the purview of the Ministry of Enterprise, Energy and Co-operation. However, the actual regulation of the energy markets, including the electricity market, is carried out by the Energy Markets Inspectorate, which is subordinate to the ministry. The regulation of the electricity market is according to the Electricity Act (1997). The power transmission sector is state-owned, but generation and retail have been privatized.



2.1 GlobalData Report Guidance This report begins with an executive summary covering key growth trends in the Swedish power

market.

Chapter two provides an introduction to Sweden’s macro-economic scenario and the Swedish power market.

Chapter three covers the methodology used for evaluation of the Business Propensity Indicator (BPI).

Chapter four covers the BPI for Sweden.

Chapter five covers cumulative capacity and power generation and segmentation according to energy source between 2000 and 2011, and provides forecast data to 2030. Information relating to power imports and exports and the market consumption scenario between 2000 and 2011 are also provided, as well as forecast data up to 2030.

Chapter six provides information on Sweden’s power infrastructure, including leading active and upcoming power plants according to source of energy, existing and planned developments in transmission, distribution infrastructure and cross-country interconnections.

Chapter seven describes the power regulatory structure and prominent policies influencing the future of the power market.

Chapter eight outlines the competitive landscape for Sweden’s power market, with complete descriptions and SWOT analyses provided for leading companies.

Note: for 2011, the report provides actual or estimated data, depending upon the information available at the time of writing the report.

GDPE0636ICR / Published JAN 2013 Page 16 Sweden Power Market Outlook to 2030 - Business Propensity Indicator


4 Sweden, Power Market, Business Propensity Indicator

4.1 Supply Security Sweden imports and exports power.

4.2 Regulatory Scenario The power market of Sweden comes under the purview of the Ministry of Enterprise, Energy and Co-operation.

4.3 Infrastructure The reliability of the electricity supply in Sweden stood at XX% in 2010 (Swede Energy, 2010).

4.4 Competition The power generation market in Sweden is a deregulated market and is open to competition.

4.5 Macro-Economic Factors Sweden was ranked XXth of XX countries in the 2012 ‘Ease of Doing Business’ index by the World Bank, having dropped five places from 2011 (World Bank, 2012).

4.6 Future Potential The share of renewable power in Sweden’s power generation is expected to have increased by 2020. Hydropower, including pumped storage and small hydro, is expected to contribute XX% of power generation by 2020, while renewable power excluding small hydro is expected to contribute a XX% share.



4.7 Sweden, Power Market, Business Propensity Indicator Ranking Sweden’s power market is one of the leading markets in Western Europe. It ranks below only the UK and Finland out of the XX nations that have been evaluated. The country is part of the Nordic pool and along with Finland has developed a trading system specifically for renewable certificates, which when issued in one country can be freely traded in the other. Sweden derives a large section of its power requirement from hydropower and is one of the few European countries not to have abolished nuclear power altogether. The country has also implemented unbundling in the power sector, as well as proper competition in the power distribution sector.

Figure 2: Power Market, Sweden, Business Propensity Indicator Ranking, 2012

0.0 3.0 6.0 9.0 12.0 15.0 18.0

Source: GlobalData



5.1.2 Cumulative Installed Capacity and Annual Generation, 2000-2030 Cumulative installed capacity in Sweden increased from XX MW in 2000 to XX MW in 2011 at a CAGR of XX%. Of the various technologies in the country, renewable installed capacity registered the highest growth rate of XX% between 2000 and 2011. Hydropower recorded the XX highest growth rate, with XX%. Nuclear and thermal power installed capacities decreased at respective negative CAGRs of XX% and XX%.

During the forecast period, cumulative installed capacity is expected to grow at a CAGR of XX%. Renewable power installed capacity is expected to register a high growth rate compared to other technologies of XX%, followed by thermal power capacity with a XX% share from 2012 to 2030. Hydropower installed capacity is expected to increase at a low CAGR of XX%, while nuclear power capacity is expected to decrease at a negative CAGR of XX% during this period.

Annual generation increased from XX GWh in 2000 to XX in 2011 at a CAGR of XX%. As with the respective installed capacities, renewable power generation registered the highest growth rate of XX%. Thermal power generation followed with a XX% share. Hydropower generation decreased at a negative CAGR of XX% while nuclear power generation increased at a CAGR of XX% during this period. Annual generation is expected to grow at a CAGR of XX% during the forecast period.

Figure 4: Power Market, Sweden, Cumulative Installed Capacity (MW) and Annual Power Generation (GWh), 2000-2030

2000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024202520262027202820292030

Cum

ulat

ive

inst

alle

d ca

paci

ty (M

W)

Annu

al g

ener

atio

n (G

Wh)

Cumulative installed capacity (MW) Annual generation (GWh)




Table 5: Power Market, Sweden, Cumulative Installed Capacity (MW) and Annual Power Generation (GWh), 2000-2030

Year Cumulative installed capacity (MW) Annual generation (GWh)

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

2030




5.4 Sweden, Power Sector, Consumption Breakdown by Sector, 2010 The residential and services sector accounted for the largest share of electricity consumption in 2010 at XX%, while the industrial sector accounted for a XX% share. Considering that the largest share has been accounted for by the residential and services sector combined, it is highly likely that the industrial sector was the single largest consumer of electricity in 2010. Distribution losses accounted for XX% in 2010, while district heating and refineries accounted for XX%. The transport sector consumed the remaining XX% share of total power consumption in 2010.

Figure 11: Power Sector, Sweden, Consumption Breakdown by Sector (%), 2010

Residential and services

Industry

Distribution losses

District heating, refineries1

Transport

Source: GlobalData; Swedish Energy Agency, 2012

Table 12: Power Sector, Sweden, Consumption Breakdown by Sector (%), 2010 Sectors Share %

Residential and services

Industry

Distribution losses

District heating, refineries1

Transport

Source: GlobalData; Swedish Energy Agency, 2012



9 Appendix

9.1 Market Definitions 9.1.1 Power The rate of production, transfer, or energy use, usually related to electricity. Measured in watts and often expressed in kilowatts (kW) or Megawatts (MW). This is also known as "real" or "active" power.

9.1.2 Installed Capacity Installed capacity refers to the generator’s nameplate capacity, as stated by the manufacturer, or the maximum rated output of a generator under given conditions. Installed capacity is given in MW on a nameplate physically fixed to the generator.

9.1.3 Active Installed Capacity Active installed capacity refers to a component of electric power that actually performs work. It is given kW or MW.

9.1.4 Electricity Generation Electricity generation is something producing electric energy by transforming other forms of energy. This term also refers to the amount of electric energy produced, expressed in Gigawatt hours (GWh).

9.1.5 Electricity Consumption Electricity consumption is the sum of electricity generated, plus imports, minus exports, minus transmission and distribution losses and is measured in GWh.

9.1.6 Thermal Power Plant This is a plant where the turbine generators are driven by burning fossil fuels.

9.1.7 Hydropower Plant This is a plant where the turbine generators are driven by falling water.

9.1.8 Nuclear Power This is the electricity generated by the use of thermal energy, released from the fission of nuclear fuel in a reactor.

9.1.9 Renewable Energy Resources These are naturally replenishing energy resources that are limited in the amount of energy that is available per unit of time. For example, biomass, geothermal, solar and wind energy are all renewable resources.



9.2 Abbreviations Table 25: Abbreviations Abbreviation Full form

AC Alternating Current

BWR Boiling Water Reactor

CAGR Compound Annual Growth Rate

CHP Combined Heat and Power

Ckm Circuit kilometer

DC Direct Current

FDI Foreign Direct Investment

FIT Feed-in-Tariff

GDP Gross Domestic Product

GWh Gigawatt hour

HVDC High Voltage Direct Current

kV kilovolt

kW kilowatt

kWh kilowatt hour

LHP Large Hydropower Project

MVA Megavolt-Ampere

MW Megawatt

MWh Megawatt Hour

OTC Over-the-counter

PV Photovoltaic

PWR Pressurized Water Reactor

SHP Small Hydropower Project

T&D Transmission and Distribution

TWh Terrawatt hour

Source: GlobalData



9.3 Bibliography CIA (2012). Sweden: The World Factbook. Central Intelligence Agency. Available from:

https://www.cia.gov/library/publications/the-world-factbook/geos/sw.html [Accessed on: October 4, 2012]

EIA (2012a). International Energy Statistics: Imports [database]. US Energy Information Administration. Available from: http://www.eia.gov/cfapps/ipdbproject/iedindex3.cfm?tid=2&pid=2&aid=3&cid=SW,&syid=2000&eyid=2010&unit=BKWH [Accessed on: October 4, 2012]

EIA (2012b). International Energy Statistics: Exports [database]. US Energy Information Administration. Available from: http://www.eia.gov/cfapps/ipdbproject/iedindex3.cfm?tid=2&pid=2&aid=4&cid=SW,&syid=2000&eyid=2010&unit=BKWH [Accessed on: October 4, 2012]

IMF (2011). World Economic Outlook Database, September 2011. International Monetary Fund. Available from: http://www.imf.org/external/pubs/ft/weo/2011/02/weodata/weoselco.aspx?g=2001&sg=All+countries [Accessed on: September 25, 2012]

Leijon M et al. (2011). Current Research Projects: Hydro Power. Division for Electricity : The Ångström Laboratory, Uppsala University. Available from: http://www.el.angstrom.uu.se/forskningsprojekt/HydroPower.html [Accessed on: October 4, 2012]

Nylander J (2012). Swedish wind power may slow. The Swedish Wire. Available from: http://www.swedishwire.com/politics/14715-swedish-wind-power-may-slow [Accessed on: October 4, 2012].

Svensk Vattenkraftförening (2012). The Association for Small Hydropower in Sweden. Svensk Vattenkraftförening. Available from: http://www.svenskvattenkraft.se/default.asp?L=EN [Accessed on: October 3, 2012]

Swede Energy (2010). The Electricity Year Operations 2010. Svensk Energi - Swedenergy - AB. Available from: http://www.svenskenergi.se/upload/Statistik/El%C3%A5ret/ENG_Sv%20Energi_el%C3%A5ret2010.pdf

Swedish Energy Agency (2012). The potential of wind power in Sweden. Swedish Energy Agency. Available from: http://www.energimyndigheten.se/en/About-us/Mission/Promote-the-development-of-windpower/Wind-powers-potential-in-Sweden/ [Accessed on: October 4, 2012]

US Department of State (2012). Background Note: Sweden. The Office of Website Management, Bureau of Public Affairs, the U.S. State Department. Available from: http://www.state.gov/r/pa/ei/bgn/2880.htm [Accessed on: October 4, 2012]

World Bank (2010). The Worldwide Governance Indicators (WGI) project. The World Bank Group. Available from: http://info.worldbank.org/governance/wgi/ [Accessed September 25, 2012]

World Bank, 2012. Ease of Doing Business in Sweden. The World Bank. Available from: http://www.doingbusiness.org/data/exploreeconomies/sweden/. [Accessed on: September 25, 2012]



9.4 GlobalData’s Methodology GlobalData’s dedicated research and analysis teams consist of experienced professionals with backgrounds in marketing, market research and consulting in the power industry, and advanced statistical expertise.

GlobalData adheres to the codes of practice of the Market Research Society (www.mrs.org.uk) and the Strategic and Competitive Intelligence Professionals (www.scip.org) .

The following research methodology is followed for all country outlook reports.

9.4.1 Coverage This report gives detailed information on the country’s power market. It examines the country’s power market structure and provides historical and forecast numbers for generation, capacity and consumption up to 2030. The report provides insights on the market’s regulatory structure, import and export trends, competitive landscape and leading active and upcoming power projects.

9.4.2 Secondary research and analysis The capacity, generation and consumption data is collected and validated using a number of secondary resources including but not limited to:

Government agencies, ministerial websites, industry associations, the World Bank, statistical databases

Company websites, annual reports, financial reports, broker reports and investor presentations

Industry trade journals, market reports and other literature

GlobalData’s proprietary databases like the Capacity and Generation Database, Power Plant Database and Transmission and Distribution Database.

Further to this, the following secondary information is collected and analyzed to project the country’s power market scenario through to 2030, analyzing factors such as the following:

The country’s macroeconomic scenario

Government regulations, policies and targets

Government and private sector investments

Contract and deal announcements

Utility expansion plans

The sector’s historic track record

Other qualitative insights built through secondary research and analysis of company websites, annual reports, investor presentations, industry and trade journals, and data from industry associations.

9.4.3 Primary Research and Analysis Secondary research is further complemented through primary interviews with industry participants to verify and fine-tune the market numbers obtained through secondary research and get first-hand information on industry trends.

The participants are drawn from a diverse set of backgrounds, including equipment manufacturers, industry associations, government bodies, utilities, distributors, and academia. The participants include, but are not limited to, C-level executives, industry consultants, academic experts, business development and sales managers, purchasing managers, plant managers, government officials, and industry spokespeople.



9.6 Disclaimer All Rights Reserved.

No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of the publisher, GlobalData.

This report is a licensed product and should not to be reproduced without prior permission.

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