Another piece of the Green Transition in Germany by Chancellor Olaf Scholz and his Green Economy Minister Robert Habeck has bitten the dust. Deutschlandfunk reported this week that the government in Stockholm did not approve the HansaPowerBridge project, which was supposed to carry electric power through a submarine cable to Germany. The reason given was that the electricity market in Germany was not functioning efficiently. The line posed the risk of higher electricity prices for Sweden.
The Hansa PowerBridge direct current line would have transported up to 700 MW in both directions, depending on demand.
