14 Comments

  1. ThrowawayITABk on

    >The type of reactor is still being decided upon

    And they believe they can start construction in 2026? That’s bullshit.

  2. iamnogoodatthis on

    I wonder if they’ll finish building this before they finish decommissioning Barsebäck and various other prematurely-closed plants…

  3. DM_Me_Your_aaBoobs on

    So it will be finished in 2044 and cost 5 times as much as projected… Just as all other nuclear power projects in Europe this century.

  4. Mugugno_Vero on

    Good news!
    Finally things are starting to pick pace up in the old continent too 🤞🚀🎊

  5. ViewTrick1002 on

    With enormous subsidies.

    It is an €80/MWh CFD running 40 years which is about double the expected electricity prices in Sweden.

    Now people in the know might be questioning how a €80/MWh CFD would work given that the expected costs for new built nuclear is €140-240/MWh ([[1]](https://iea.blob.core.windows.net/assets/42b23c45-78bc-4482-b0f9-eb826ae2da3d/WorldEnergyOutlook2023.pdf), [[2]](https://www.enerdata.net/publications/daily-energy-news/flamanville-3-nuclear-projects-cost-may-rise-eu67bn-france.html), [[3]](https://www.lazard.com/media/gjyffoqd/lazards-lcoeplus-june-2024.pdf), [[4]](https://www.powermag.com/blog/plant-vogtle-not-a-star-but-a-tragedy-for-the-people-of-georgia/), [[5]](https://en.wikipedia.org/wiki/Hinkley_Point_C_nuclear_power_station)).

    What the government has done is create a proposal where every single accounting trick is utilized to shift costs from the nuclear power builders to the government in an attempt at selling this deal to the public.

    1. The government owns the entire financial risk. We are not talking about credit guarantees, the state will loan the money itself, subsidize the interest and dole it out to the power companies constructing the power plants. All to not put any weight on the power companies financial statements.

    2. If the project goes haywire, like with all recent western nuclear construction then the government will pay more.

    3. The potential power companies in Vattenfall and Fortum are still questioning if the subsidies are enough.

    It is simply an insane prospect pushed by the governing rightwing parties where several of the central figures tied the longevity of their political careers to being able to build nuclear power in the last election.

    When the financing model was presented none of the these politicians attended it and instead sent forth a bunch of no-names. Knowing that they do not want to get smeared by the nuclear costs they are now starting to admit existing.

    **Edit – Since /u/kitsunde blocked me: Lovely attempt to handwave away the facts by going straight to a character assassination. How about sticking to the facts next time?**

  6. Csn we have small nuclear power plants that take less than a year to get online please?

  7. There will be no nuclear power plant built in Sweden unless the majority of the political parties in the Riksdag are in agreement.

    And they are not.

  8. weirdowerdo on

    Yeah its not happening. The government promised it but every expert and company says it cant be done.

  9. RedPillForTheShill on

    The best type of nuclear reactors start and finish their own construction.

  10. foundafreeusername on

    >Currently, the country has six nuclear reactors, which generate roughly 30% of Sweden’s electricity. **This new reactor aims to double the country’s electricity production** to support its electrification efforts.

    A single reactor is suppose to double production? There is something lost in translation here isn’t it? Do they plan to build an entire new nuclear power plant?

  11. The current government are deeply dug into the populist argument that “nuclear solves all” but many experts in energy infrastructure point out that it will take 20 years before it delivers any power to the grid and that power will cost roughly twice of what the current price is.

    The cost to build requires the state to pay the power companies some of the largest subsidies ever in Swedish history. This from a government who says they abhore subsidies.

  12. Reminder. If you are not an expert in a field? Delegate some of your thinking to the experts. It’s not weakness, but a necessity, a single human can only know so much about so many things. People on reddit can be very loud, very obnoxious about things they understand very little about.

    “In
    a special report published in 2018 (IPCC, 2018), the IPCC considered 90 pathways consistent with a 1.5°C scenario – i.e. pathways with emissions reductions sufficient to limit average global warming to less than 1.5°C. The IPCC found that, on average, the pathways for the 1.5°C scenario require nuclear energy to reach 1 160 gigawatts of electricity by 2050, up from 394 gigawatts in 2020. ”

    Good on Sweden, hope you manage it better than Finland did… Though Olkiluoto 3 does now produce 31% of energy consumed in Finland so it’s not like it was a total loss.

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