The German Minister of Economic Affairs is optimistic about the new electricity transmission connection between Sweden and Germany moving forward. However, in Sweden, there is hesitation about the project, with some wanting to put it on hold.
The planned Hansa Powerbridge is a 700-megawatt transmission link that will run 60 kilometers under the sea from Ystad in Sweden to Rostock in Germany. The goal is to transfer clean energy from the Nordics to Germany and continental Europe, with the potential to also bring energy back to Sweden during times of overproduction.
In Germany, there are already different offer areas but the price of electricity remains the same. This has caused concerns among politicians in Sweden who believe that dividing Germany into different price areas could potentially lower electricity prices in southern Sweden.
Despite these concerns, the estimated cost of the project is 600 million euros and construction is anticipated to be completed by 2028-2029. While there are uncertainties surrounding the Hansa Powerbridge project, political and economic factors continue to play a significant role in its future development.
