The Swedish Government has decided against building a 700 MW subsea interconnector between Sweden and Germany, under the Baltic Sea. The decision was based on the perceived “inefficiency” of the German electricity market, that could have led to higher prices for Swedish consumers and instability for the Swedish market, according to Energy Minister Ebba Busch.
The cancelled Hansa PowerBridge project was planned to become operational in 2025 or 2026, following an investment of some €600 million.