What triggered Sweden’s shift from a nuclear phase-out to building new reactors?

Sweden's policy turnaround was driven by 2040, a combination of factors: the push for a fossil-free power system by 2040, extreme weather exposing the need for firm power, power transfer constraints between the north and south, volatile electricity prices and rising energy security concerns.

How will nuclear new builds help Sweden solve grid bottlenecks and price volatility?

Nuclear supports Sweden's grid stability by unlocking more capacity on existing lines. It also enables new consumption more reliable than from intermittent renewables without constant grid expansion.

What role will SMRs play in Sweden, and when could they realistically arrive?

Conventional light-water SMRs are seen as the nearest-term option because the technology is relatively proven for experienced nuclear nations, though supply chain readiness could slow progress. If plans hold, Sweden could have SMRs operating before the mid-2030s, while advanced designs remain further from commercial rollout.

How is Sweden accelerating investments and deployment for new nuclear projects?

A new state-backed financing model provides certainty for investors in the Swedish nuclear landscape. Sweden has also proposed a new licensing pathway that would guarantee clarity for projects earlier on, potentially cutting years of uncertainty before detailed permitting begins.

Power Technology

European Energy sells 470MW Jonava project to Energix

The Jonava project combines 140MW of onshore wind capacity, 330MWp of solar PV generation, and 320MWh of energy storage.

European Energy has finalised the sale of its Jonava hybrid renewable energy project, with a capacity of about 470MW, located in Lithuania, to Energix - Renewable Energies.

This transaction underscores European Energy's capability in creating large-scale renewable energy assets ready for strategic investment and acquisition.

The Jonava project combines 140MW of onshore wind capacity, 330MWp of solar photovoltaic (PV) generation, and 320 MWh of energy storage.

Construction is expected to begin soon, with full operations targeted for 2027.

European Energy employs an integrated development strategy that progresses projects from initial stages through permitting and design to become construction-ready.

The company has developed the Jonava project as a hybrid, resulting in a diversified asset that meets changing market demands.

The Jonava project presents a clear investment opportunity due to its advanced development stage, combination of technologies, and established construction schedule.

This transaction builds on European Energy’s strong track record of delivering renewable energy projects across Europe, making its assets well-suited for portfolio inclusion and strategic acquisitions.

The company continues to focus on developing wind, solar, and hybrid projects that are both technically robust and scalable, ensuring they meet the readiness criteria for transactions.

European Energy deputy CEO Jens-Peter Zink said: “We have been able to manage a complex development process and deliver a project that meets the technical, regulatory, and commercial requirements of international buyers.

“Developing renewable energy assets to a stage where key risks are addressed, and value is clearly defined, is what European Energy excels at around our many markets.

“This model allows us to swiftly push renewable energy deployment and recycle capital into new projects.”

Last month, European Energy opened the Lancaster Solar Farm in Victoria, Australia, with a capacity of 108MW, marking a significant addition to its renewable energy assets in the region.