The Swedish government has proposed a financial framework of up to SEK220bn (€19.9bn) over 12 years to support the construction of new nuclear reactors, according to its 2026 draft budget. The plan also includes annual price guarantee allocations of SEK1–3bn (€90–270m) for up to 40 years after the new units enter into operation. According to a government statement, the long-term support scheme is intended to enable loans to project companies, with the first contracts expected to be signed in 2026 and 2027.
The proposed figures represent a maximum ceiling for negotiations, not a final price tag, and the draft motion will require parliamentary approval. The support scheme is also subject to approval by the European Commission, and the terms will be negotiated on a case-by-case basis, meaning the final cost to the state will depend on actual construction expenses and future electricity market conditions.
In May 2025, Sweden passed legislation establishing a state aid framework that includes government-backed loans and two-way Contracts for Difference (CfDs) for companies planning to build nuclear reactors. The law covers projects with a total capacity of up to 5 GW, equivalent to around four or five large reactors, and entered into force in August 2025, when applications for support could begin to be submitted.
Interested in Power Plants?
Enerdata has developed a market research service to screen, monitor and analyse the development of power generation assets.
Power Plant Tracker offers an interactive database and a powerful search engine covering power plants worldwide – including both installed and planned capacities for renewables and fossil fuels.