MNI China Daily Summary: Wednesday, February 5

MNI: UK FINAL JAN SRVCS PMI 50.8 (FLASH: 51.2); DEC 51.1

MNI: EUROZONE JAN FINAL SRVCS PMI 51.3 (FLASH: 51.4); DEC 51.6

MNI BRIEF: China Spring Festival Trips Up 5.9% Y/Y

MNI: PBOC Net Drains CNY716.5 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1693 Weds; -1.18% Y/Y

MNI: EUROZONE DEC PPI +0.4% M/M, +0% Y/Y

MNI: GERMANY FINAL JAN SRVCS PMI 52.5 (FLASH: 52.5); DEC 51.2

MNI: FRANCE FINAL JAN SRVCS PMI 48.2 (FLASH: 48.9); DEC 49.3

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

GERMANY: Kukies Considers Potential Non-Implementation Of 2024 Suppl' Budget

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POWER: Finland to Advance Nuclear Policy as Fortum Prepares Strategy Update

POWER
BulletPower BulletsEnergy BulletsCommodities

Finland is advancing policies to support nuclear energy expansion, addressing regulatory hurdles and investment challenges, with Fortum set to unveil its nuclear strategy in the coming months, Finnish Director General of Energy Riku Huttunen said.

  • However, while the government is streamlining permitting and exploring financial mechanisms such as loan guarantees and CfDs, profitability remains a major hurdle—especially for large-scale projects, Huttunen added.
  • Finland may need government guarantees or loans to enable new investments, but high subsidies could burden consumers or taxpayers, impacting market dynamics.
  • Tax incentives and research funding could attract new investment, with the so-called "Mankala model" allowing industries to share nuclear financing at cost price, Huttenen said.
  • And SMRs are gaining interest, particularly for industrial heat production, with preliminary planning in Helsinki.
  • Finland currently operates five nuclear units, supplying 40% of its electricity, with previous projects, Hanhikivi and Olkiluoto 4, being approved but never built.
  • The country is preparing a new National Energy and Climate Strategy.
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Finland is advancing policies to support nuclear energy expansion, addressing regulatory hurdles and investment challenges, with Fortum set to unveil its nuclear strategy in the coming months, Finnish Director General of Energy Riku Huttunen said.

  • However, while the government is streamlining permitting and exploring financial mechanisms such as loan guarantees and CfDs, profitability remains a major hurdle—especially for large-scale projects, Huttunen added.
  • Finland may need government guarantees or loans to enable new investments, but high subsidies could burden consumers or taxpayers, impacting market dynamics.
  • Tax incentives and research funding could attract new investment, with the so-called "Mankala model" allowing industries to share nuclear financing at cost price, Huttenen said.
  • And SMRs are gaining interest, particularly for industrial heat production, with preliminary planning in Helsinki.
  • Finland currently operates five nuclear units, supplying 40% of its electricity, with previous projects, Hanhikivi and Olkiluoto 4, being approved but never built.
  • The country is preparing a new National Energy and Climate Strategy.