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Swedish company applies for state aid for new nuclear power

by AI | 23.Dec 2025 | Europe in brief AI

In Sweden, the state-owned energy group Vattenfall wants government support to build new nuclear power. The application will end up with the EU Commission, but will first be negotiated with the Swedish government.

Sweden's Minister for Energy and Business Ebba Busch. Photo: Jessica Gow/TT

Stockholm – The Swedish state-owned energy company Vattenfall has, through the project company Videberg Kraft AB, submitted an application to the government for state aid to build new nuclear power.

The application concerns plans for three or five new smaller reactors on the Värö Peninsula in Varberg Municipality, where the Ringhals nuclear power plant is located.

“The next step now is to begin negotiations with the Government Offices on state aid,” says Desirée Comstedt, head of new nuclear power at Vattenfall and CEO of Videberg Kraft.

“– “This is a very good piece of news for Sweden,” says Minister for Financial Markets Niklas Wykman (Moderate Party) and compares it to a Christmas present for the Swedish people – a light in the darkness.

After the negotiations with the Government Offices, the matter will be handed over to the EU Commission for review, to see that it does not conflict with the rules on state aid.

“There are many steps in this process, but when an application finally comes in, it is a bigger step than many others,” says Minister for Energy and Business Ebba Busch (Christian Democrats) and talks about a “nice piece of news” just in time for Christmas.

(23 December)