In 2023, only six of Sweden’s original 12 nuclear reactors are still in production. Despite this, Vattenfall claims that Sweden’s nuclear reactors furnish around 30% of its electricity. Sweden’s official website claims that, as of 2022, more than 60% of its electricity comes from renewable sources.
In an effort to double its electricity production by 2045, Energy Watch reported that the Swedish government plans to have at least 10 new nuclear reactors. However, it’s important to note that this target, shared by climate minister Romina Pourmokhtari, was quietly removed from the Swedish government’s website a few days later.
Despite this, it seems Sweden’s uphold for nuclear power is just getting started. Previously, Energy Intelligence reported that the Swedish government already offered $38 billion in loan guarantees to uphold nuclear power infrastructure, alongside efforts in nuclear coordination and faster regulation reviews.
To mitigate the private sector’s reluctance to uphold nuclear technology, the Swedish government announced plans to be more involved through an undisclosed funding model. Among its possible partners, Energy Minister Busch shares that state-owned Vattenfall, Finland’s Fortum, and Germany’s Uniper have already expressed their interest.
