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Sweden Considers CfDs, State-Backed Loans For Nuclear Expansion

POWER

Sweden is considering state-backed loans and CfDs – similar to the Czech Republic – as funding for new nuclear reactors according to a government study, cited by Bloomberg.

  • The model in the study focused on financing for 6GW of nuclear capacity, or four large-scale reactors.
  • Sweden currently has six nuclear reactors. The government called for at least 2.5GW of nuclear capacity to be online by 2035.
  • Sweden’s Vattenfall and Finland’s Fortum Oyj are among the utilities studying new reactors. The lifetime of Sweden’s Forsmark and Ringhals nuclear reactors is likely to be extended to 80 years, from 60 years previously, up until after 2060, Vattenfall said in June.
  • Earlier this month, the Swedish government said it has entered entered into a cooperation agreement to support the development of nuclear with the US in their respective countries as Sweden aims to install an additional 2.5GW of capacity by 2035.
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