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

GE Vernova

25/06/2026 09:59

Adds background, detail on ownership in paragraphs 3-6

    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 to supply small modular nuclear reactors, choosing the British company over U.S. rival GE Vernova GEV.N, in a deal worth several billion pounds.






 (Reporting by Simon Johnson, editing by Louise Rasmussen)
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