Norway Losing Out to Sweden in $6 Billion Wind-Power Boom
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Divergent tax policies mean Norway risks missing out on most of a $6 billion wind-power boom while neighboring Sweden benefits.
Norway, which aims to triple wind capacity by the end of the decade, has erected one turbine for every seven installed in Sweden since the countries signed a pact to share renewable production two years ago. Norway, western Europe’s biggest oil and gas producer, has so far installed less than 10 percent of what it’s expected to complete by 2020 under the accord.