Sweden Rejects New Power Cable to Germany Over Market Inefficiencies

In a significant move, the Swedish government has rejected the proposed 700 MW Hansa PowerBridge subsea power connection between Sweden and Germany. Energy Minister Ebba Busch cited inefficiencies in the German electricity market as the primary reason for the decision, emphasizing that connecting southern Sweden—already facing an electricity production deficit—with Germany could lead to higher prices and increased market instability. The Hansa PowerBridge project, a collaboration between grid operators Svenska Kraftnät and Germany’s…