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The Socio-Economic Cost of Wind Turbines: A Swedish Case Study

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Department of Urban Planning and Environment, Royal Institute of Technology (KTH), SE-100 44 Stockholm, Sweden
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Department of Real Estate and Construction Management, Royal Institute of Technology (KTH), SE-100 44 Stockholm, Sweden
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Author to whom correspondence should be addressed.
Academic Editor: Fernando Almeida
Sustainability 2021, 13(12), 6892; https://doi.org/10.3390/su13126892
Received: 25 May 2021 / Revised: 12 June 2021 / Accepted: 14 June 2021 / Published: 18 June 2021
(This article belongs to the Section Economic and Business Aspects of Sustainability)
The expansion of wind turbines plays a significant role in developing the ability of a country like Sweden to achieve climate-neutral energy production without relying on nuclear power plants. Wind-turbine energy production is expected to grow in the coming decades. Conflicts may arise between, on the one hand, the government and the energy authority, and, on the other hand, municipalities and property owners, especially if this expansion affects other economic activities, such as tourism and reindeer husbandry, or property values. This report aims to analyse the negative capitalization of wind turbines on property values in Sweden over the last ten years. Our conclusions clearly show a relatively significant capitalization and that this capitalization is relatively local, within eight kilometers of the wind power plant. Large wind turbines, or larger clusters of wind turbines in wind farms, impose a greater socio-economic cost on lower value properties. View Full-Text
Keywords: sustainability; wind turbines; capitalization; housing values; hedonic analysis sustainability; wind turbines; capitalization; housing values; hedonic analysis
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MDPI and ACS Style

Westlund, H.; Wilhelmsson, M. The Socio-Economic Cost of Wind Turbines: A Swedish Case Study. Sustainability 2021, 13, 6892. https://doi.org/10.3390/su13126892

AMA Style

Westlund H, Wilhelmsson M. The Socio-Economic Cost of Wind Turbines: A Swedish Case Study. Sustainability. 2021; 13(12):6892. https://doi.org/10.3390/su13126892

Chicago/Turabian Style

Westlund, Hans, and Mats Wilhelmsson. 2021. "The Socio-Economic Cost of Wind Turbines: A Swedish Case Study" Sustainability 13, no. 12: 6892. https://doi.org/10.3390/su13126892

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