Sweden has set out a roadmap to build two large nuclear reactors by 2035 and 10 others by 2045, some of which may be of the small modular type.
The government said it wants to double installed capacity within 25 years.
Energy minister Ebba Busch said the country aimed to be a “leading nuclear power nation again” and to promote the “green transition in the West”.
Finance minister Elisabeth Svantesson said the state would have to take a “large financial role” in the expansion.
“The last few years have shown how expensive it is not to build nuclear power,” she said.
The roadmap has four points:
- A nuclear power coordinator would help remove obstacles;
- The government will provide credit guarantees for €35bn, noting this would have to be supplemented by a risk-sharing financing model;
- New nuclear power with output equivalent to at least two large-scale reactors, or 2.5GW, by 2035 at the latest;
- A massive expansion of new nuclear power by 2045 equal to 10 large-scale reactors.
Sweden currently has three nuclear plants with six reactors between them. Together they supply a little less than 30% of the country’s demand.