Sweden's Vattenfall directs 2/3 of growth capex abroad amid domestic power crunch

A Dagens Industri mapping finds Sweden faces a severe electricity shortage driven by AI data-center demand, yet state-owned Vattenfall plans to invest two-thirds of its growth capital abroad next year. The mismatch raises questions about national energy security and whether the company is fulfilling its public mandate. Uncertainty remains over how policy will respond to align Vattenfall's investment with domestic needs.