Skip to content
Subscriber Only
Climate changed

There’s an Unexpected Revenue Surge for Generating Electricity

  • Expected revenue from wind generation doubled last 12 months
  • Market lagging fixed-price deals are losing popularity
A wind farm in Aggersund, Denmark.
Photographer: Chris Ratcliffe
Updated on

About a year ago, the Nordic region’s biggest lender warned of a “green bloodbath” among wind companies. Now, developers are discussing new investments rather than potential bankruptcies.

A combination of surging power prices and a revived green subsidy market has seen expected revenue for generating electricity from wind in Sweden and Norway almost double in the past 12 months. The industry is finally seeing rising returns after years of suppressed prices that prompted Nordea Bank AB to Swedbank AB to raise red flags on behalf of their clients.