nuclear-news

Finland’s Fortum says building new nuclear power is too expensive, for now

New nuclear power production capacity is not commercially viable to
build for now, based on the current Nordic power market outlook of low
prices. The company on Monday concluded a two-year study into the
feasibility of new nuclear power but said it would focus on renewable
energy and nuclear lifetime extensions to cover growing electricity demand
in the Nordics for now.

“New nuclear could provide new supply to the
Nordics earliest in the second half of the 2030s, if market and regulatory
conditions are right,” Fortum CEO Markus Rauramo told reporters. He said
Fortum would continue to explore new nuclear generation and pumped
hydropower as long-term options in Sweden and Finland. Fortum said building
new nuclear reactors would require a solid risk sharing framework similar
to the one being prepared by the Swedish government.

 Reuters 24th March 2025,
https://www.reuters.com/business/energy/finlands-fortum-explores-long-term-options-new-nuclear-power-2025-03-24/

March 28, 2025 - Posted by Christina Macpherson | business and costs, Finland