The Swedish state-run energy company Vattenfall will spend SEK20bn (€1.94bn) between 2018 and 2023, of which SEK4bn (€390m) in 2018 to modernise and expand its electricity grid. The company delivers power to approximately 900,000 customers throughout the country and aims at reducing power outages.
Besides, the power grid will have to adapt to the increase of renewable energy capacity. In March 2018, Vattenfall announced that it would invest SEK1bn (€100m) to support the development of large-scale solar power generation projects over the 2018-2019 period. As of December 2017, the company had a large-scale solar project pipeline of 375 MW, plus around 17 MW of decentralised solar projects in Europe.
In the next decade, approximately 400 km of power lines in the south-west of Sweden will have to be replaced by the domestic transmission system operator (TSO) Svenska Kraftnät.