Nordic Countries Record Major Successes in Energy Transition
Sustained investment in wind and hydroelectric infrastructure has pushed electricity prices in parts of Scandinavia to historic lows. Prices have fallen below zero in some places due to abundant renewable energy supply, an outcome that has established the Nordic region as a working model of what a mature clean energy transition can deliver. The gains extend beyond environmental progress to tangible reductions in the cost of power for households and businesses. Sweden, Norway, Denmark, and Finland each generated more than double the U.S. wind electricity output per capita last year, outranking every other country in per capita wind energy production.…