Sweden Plans “Massive” Expansion of Nuclear Power by 2045

Sweden is set to undergo a significant expansion of new nuclear power, aiming to have the equivalent of 10 new reactors by 2045, with two operational by 2035, according to the government. This marks a shift in energy policy from 100% renewable to 100% fossil-free electricity generation.

Energy Minister Ebba Busch stated that the country needs to double electricity production within 25 years, leading to the lifting of limitations on the number of nuclear reactors and streamlining permitting processes for new reactors. The government will also introduce credit guarantees for nuclear power investments, emphasizing the urgency to meet growing electricity demand and address the fragility of the current electricity system.