nuclear-news

Sweden has agreed first financing package for new nuclear reactors, PM says

By Reuters, June 25, 2026, https://www.reuters.com/business/energy/sweden-has-agreed-first-financing-package-new-nuclear-reactors-pm-says-2026-06-25/

STOCKHOLM, June 25 (Reuters) – Sweden’s government has agreed on ​the details of a first financing package to ‌build new nuclear power reactors with developer Videberg Kraft, Swedish Prime Minister Ulf Kristersson said on ​Thursday.

“The state will also go in ​as an owner in this project,” Kristersson ⁠told reporters.

Kristersson gave no details of ​the financing package, which has to be ​approved by the European Commission.

The government said in a statement it will take a 60% stake in Videberg Kraft, ​currently 80% owned by state utility Vattenfall ​and 20% by a consortium of industrial companies. Vattenfall’s ‌stake ⁠will drop to 20%, the government added.

Sweden’s parliament last year passed legislation to finance a new generation of reactors, the first built ​in Sweden ​for more ⁠than 40 years and which the government says is necessary ​for energy security and achieving net ​zero ⁠emissions by 2045.

Earlier this month, Vattenfall selected Rolls-Royce SMR (RR.L), opens new tab to supply small modular nuclear reactors, choosing ⁠the ​British company over U.S. ​rival GE Vernova (GEV.N), opens new tab, in a deal worth several billion ​pounds.

Reporting by Simon Johnson, editing by Louise Rasmussen

June 30, 2026 - Posted by Christina Macpherson | business and costs, politics, Sweden