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POWER: Vattenfall Won’t Decide on New Nuclear Power Before 2029

POWER
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 Vattenfall is unlikely to decide on new nuclear power investments before 2029, with the company evaluating options for large-scale and small modular reactors at Ringhals, the firm said, cited by the Swedish Herald.

  • Desirée Comstedt, overseeing Vattenfall's new nuclear power development, stated to Svenska Dagbladet (SvD) that a decision is anticipated around 2029/2030.
  • However, key permits, infrastructure planning, and risk-sharing agreements must be in place before moving forward.
  • The Swedish government aims for a new nuclear power capacity of at least 2.5GW, equivalent to two large reactors, by 2035.
  • Comstedt is optimistic about the potential for the first reactor to be operational by 2035.
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 Vattenfall is unlikely to decide on new nuclear power investments before 2029, with the company evaluating options for large-scale and small modular reactors at Ringhals, the firm said, cited by the Swedish Herald.

  • Desirée Comstedt, overseeing Vattenfall's new nuclear power development, stated to Svenska Dagbladet (SvD) that a decision is anticipated around 2029/2030.
  • However, key permits, infrastructure planning, and risk-sharing agreements must be in place before moving forward.
  • The Swedish government aims for a new nuclear power capacity of at least 2.5GW, equivalent to two large reactors, by 2035.
  • Comstedt is optimistic about the potential for the first reactor to be operational by 2035.