Sweden’s nuclear energy plans to cost $38 billion

Sweden’s ambitious nuclear energy expansion, aiming to add 2.5GW of new capacity by 2035 and build ten new reactors by 2045, is projected to cost around Skr400 billion ($38 billion), according to a government-appointed commission. Despite the government’s goals, private sector investment has been lacking due to concerns over the return on large, fixed capital investments. The commission recommended that the Swedish government offer loans covering 75% of the construction costs for new power plants,…