Arctic Today’s top 5 most read stories of 2024
1. Sweden’s largest wind farm faces bankruptcy
Posted: January 12, 2024
Summary: Our top story came from our partners at North Sweden Business. Markbygden Ett, Sweden’s largest wind farm near Piteå in Norrbotten, was facing bankruptcy. The Swedish Tax Agency opposed the company’s reconstruction, citing accumulated losses of 2.5 billion kronor (€220 million) over the past three years and debts amounting to SEK 6 billion (€530 million). A long-term contract with the Norwegian industrial group Hydro, extending until 2040, is identified as a significant factor contributing to the financial difficulties.
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