Comment by ViewTrick1002

Sweden isn't investing in nuclear power. The current right wing government is creating a culture war issue while not wanting to accept the costs, nor creating a deal that will survive through elections by creating a more comprehensive coalition backing it.

They've moved "We'll start building this electory cycle!!" to "large scale reactors" to "SMRs!!" to now targetting the final investment decision in 2029.

The latest step in the saga is the state owned power company refusing to get their credit rating tarnished by being too involved in the nuclear project. The latest move is them owning 20%, the industry owning 20% and the government owning 60%.

The industry still haven't comitted to their 20% due to the absolutely stupid costs involved.

With the government as a first negotiation move stepping in with a direct handout of €3B. On top of credit and construction guarantees, a CFD and adjusting it all depending on how costly the build is to guarantee a profit.

But it is quite easy to understand why. Taking what one of the nuclear reactors earns in Sweden and then applying solely the interest from a new build leads to a loss of ~€1.5B per year. Then you also need to run, fuel and maintain the plant.