Sweden is at risk of missing critical wind power investment and could fall behind in its long-term electrification plans, industry body Green Power Sweden said.
No new turbine orders were placed in the fourth quarter of 2025 and the pace of new wind construction is now “almost non-existent,” the association said in its latest update.
Anton Johansson, responsible for analysis and marketing at the group, warned that weakening investment trends could undermine Sweden’s energy security and self-sufficiency. He said the absence of new investment decisions late last year is creating uncertainty over future electricity supply and industrial competitiveness.
Johansson pointed to rising political and regulatory risk, shifting market conditions and delays in electrification as key factors weighing on investor appetite.
“In order for us to achieve our climate goals, secure jobs and Sweden’s security, the expansion of renewable energy must proceed much faster. That is why it is worrying that new investments have slowed down so significantly in the last two years. The expansion we are actually seeing is a result of old investment decisions,” he said.
The association said 2025 is on track to become the weakest year for new wind investment in Sweden in modern times. It added that some foreign investors are signalling the market has become less attractive, even as wind and solar generation across Europe recently overtook fossil-fuel output.
Johansson also cautioned that the investment slowdown will take time to fully show up in supply figures.
“The sharp decline in new investments in wind power has a delayed impact on the market. The projects that are being put into operation today have several years of permit processes behind them, which means that the effects will only be felt for a few years,” he said.
Green Power Sweden said its quarterly statistics are compiled from turbine suppliers and other market participants, with future reports set to expand coverage to include solar and energy storage.
