The Swedish Parliament has passed a government bill approving a new state aid model to fund new nuclear reactors in Sweden. The newly adopted Act provides a structured framework for financing the initial nuclear reactors, with state aid capped to support investments for a total installed capacity of 5 GW of nuclear capacity.
The legislation aims to address the country’s challenges with fluctuating electricity prices and system imbalances by expanding its fossil-free base load capacity. The aid will be delivered through government loans and two-way contracts for difference (CfDs), each offering financial support at different project stages. The Act on state aid for new nuclear energy investments will be effective from 1 August 2025, and companies can apply for aid from that date.
In late 2023, the Swedish government had approved a 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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