The Swedish Government has announced plans to issues state loans worth around SEK300bn (€27.1bn) to fund a planned fleet of four nuclear reactors in Sweden, totalling 5 GW in capacity. These state loans would be used to finance the projects instead of seeking private finance.
The Government of Sweden has also established a legal framework for state support, and the power-purchase agreement that will eventually be signed. This paves the way for public money to be offered for planning, construction and test operation of nuclear reactors. It is expected that the units will cost a total of about SEK400bn (€36.2bn).
As of end-2023, nuclear represented about 13% of Sweden’s installed capacity with 6.9 GW and 29% of its power generation with over 48 TWh. In late 2023, the Swedish government approved a new bill that removed the country’s limit on the number of nuclear reactors in operation, allowing more than 10 reactors to be in operation at the same time.
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