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Sweden may lend $23.5 billion for new nuclear reactors, government says
Published by Global Banking and Finance Review
Posted on September 19, 2025
1 min readLast updated: January 21, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on September 19, 2025
1 min readLast updated: January 21, 2026
Sweden plans a $23.5 billion loan to energy firms for new nuclear reactors, aiming to boost fossil-free electricity production.
STOCKHOLM (Reuters) - The Swedish government is seeking parliament's permission to lend up to 220 billion crowns ($23.5 billion) to energy companies willing to build new nuclear reactors, Financial Markets Minister Niklas Wykman said on Friday.
The country in recent years closed several older reactors and the right-wing government now seeks to revive its nuclear energy industry and build its first new plants in over 40 years to boost the output of fossil-free electricity.
The plan presented on Friday would help fund a capacity of 2,500 MW of nuclear power, the first half of Sweden's aim of building a series of small modular nuclear reactors, in the coming decades.
"It's not a price tag... it is a loan framework that is needed to be able to conduct sharp negotiations," Wykman told a press conference .
Costs could rise further, however, with another 220 billion to be set aside as a reserve in case of unforeseen costs, Wykman said.
($1 = 9.3668 Swedish crowns)
(Reporting by Anna Ringstrom, editing by Terje Solsvik)
Nuclear energy is the energy released during nuclear fission or fusion, especially when used to generate electricity. It is considered a low-carbon energy source.
A loan framework is a structured plan that outlines the terms and conditions under which loans will be provided, including amounts, interest rates, and repayment schedules.
Modular nuclear reactors are smaller, factory-built reactors that can be assembled on-site. They are designed to be more flexible and cost-effective than traditional large reactors.
Fossil-free electricity refers to electricity generated without the use of fossil fuels, such as coal, oil, or natural gas, often produced from renewable sources like wind, solar, or nuclear energy.
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