Sweden’s new government will invest heavily in nuclear power, which was made clear in the Tidö Agreement. Statliga Vattenfall has been tasked with planning for this immediately. “It is great that it is now clear that nuclear power has a place in the Swedish energy system in the future as well,” says Vattenfall CEO Anna Borg.
Nuclear power is not a quick fix
The price picture on the market must be seen in the long term. It is clear that the costs of building nuclear power are going down. Especially when it comes to building the small modular reactors, but it also applies to other types of power. Wind power has also dropped very much in cost, says Borg. At best, new nuclear power will be in place sometime in the early 2030s. In the shorter term, it is mainly wind power at sea and on land that will be able to add more electricity production.
See the full feature with Vattenfall’s CEO in the player above: