Sweden to scrap taxes on solar energy from 2017

Sweden is without doubt one of the world’s leading countries with respect to trying to implement renewable energies, they are ambitiously attempting to run off 100% renewable energy by the year 2040. However, one area in renewable energies that Sweden struggle is solar energy; electricity produced by solar currently stands at a measly 0.1%, compared to hydropower and nuclear power which produces 39% and 36% respectively.

The finance ministry announced that solar energy which is produced for personal use will be completely exempt from taxes, whilst electricity provides will be charged just €51 per megawatt hour, which is a 98% reduction on current rates. The move has been made in a bid to improve the countries chance of reaching the 2040 milestone, something that will be difficult to achieve at the current standard, they hope it will encouraged more of the public to invest into the idea.

The move still requires some authorisation, the parliament are still required to approve it but this is highly likely considering the pressure they have been coming under lately with regard to renewables. The move will also need authorisation from the EU commission but this is also likely considering they have set a target to have 20% of the EU blocs usage accounted for by renewables.

In October, the Swedish energy market regulator had estimated that in order to reach the target of 100 percent renewable energy, the share of solar electricity would have to rise to between five and 10 percent.

Advertisements

Published by

Shanghai Metal Corporation

As an integrated global manufacturer, supplier of metal related products and reliable services we dedicate this blog to manifest our interests on different topics that would surely brighten your mind everyday. Each article is suited for every types of reader because we value simplicity as the key to transmit messages. Follow us and stay updated ~! Visit our main website to learn more about us : http://www.shanghaimetal.com/ Our address : 20th Floor Yuan Mansion, 738 Dongfang Road, Shanghai, China 200122 Email : shanghaimetalcorp@gmail.com Skype : shanghaimetal Telephone : +86 21 6875 6127 Monday - Friday : 9am - 5pm Saturday & Sunday : Available by appointment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s