Sweden has become the largest energy exporter

Sweden has become the largest energy exporter


Since the beginning of this year, Sweden has become Europe’s largest electricity exporter, far surpassing France as nuclear availability in France has hit historic lows this year due to problems.

In this regard, EnAppSys reported that Sweden has risen to the top of the ranking of European nuclear energy exporters due to France’s switch from net exporter to net importer, which caused a dramatic drop in its global position.

France normally exports more electricity than it imports, but structural problems at its nuclear facilities saw its exports halve in 2022 from 2021, while Sweden’s exports stood at 16 terawatt hours (TWh).

Specifically, in the first half of this year, Sweden exported 7 TWh to Finland and 4 TWh to Denmark, representing the majority of their export flows. In second place is Germany, which exported 15.4 TWh in the first half of this year, double the levels seen in mid-2021. This performance was due to its electricity production responding to import demand from France.

On Monday, August 8, France’s nuclear power regulator extended temporary exemptions that allow five power plants to continue pouring hot water into rivers, even as the French population faces a fourth heat wave and a crisis energetic. And on Wednesday, France’s nuclear availability reached half of its total installed capacity.

Moreover, this is not the only good news for Sweden. On Tuesday, the president of the United States of America initialed the ratification of the accession of Sweden and Finland to NATO, as a response to the war started in Ukraine by Russia.

The US President initialed the ratification of the accession of Sweden and Finland to NATO

Through the war started in Ukraine, Vladimir Putin “shattered peace and security in Europe. Putin thought he was dividing us (…). On the contrary, he reaped what he did not want,” the American president said on Tuesday.

In this sense, Sweden and Finland will be “strong allies, reliable and equipped with important capabilities”, integrating the military alliance, dominated by the United States of America, said Joe Biden, during a signing ceremony at the White House.

At the same time, he welcomed the fact that these two northern European countries have “strong democratic institutions” and solid armies, which will strengthen the North Atlantic Alliance. According to a press release issued by the White House, Joe Biden called the President of Finland (Sauli Niinisto) and the Prime Minister of Sweden (Magdalena Andersson) on Tuesday, congratulating them on this “extra step” towards their accession to NATO.

The US president has made the restoration of transatlantic relations, put to the test by his predecessor Donald Trump, a priority of his foreign policy. NATO is part of the “security bases” of the United States of America, the American leader added, the AFP news agency reports.

So far, 23 NATO member states have ratified the necessary accession protocols. Currently, the main obstacle to the accession of Sweden and Finland to NATO is Turkey, which accuses the Government in Stockholm and the Government in Helsinki of having goodwill towards the Kurdistan Workers’ Party (PKK), which the Government in Ankara considers a terrorist organization .