Sweden’s incoming cabinet says new nuclear reactors will be built
The main effect of this is electricity prices going up. It&#x27;s completely ideological, Vattenfall the company running nuclear power plants wanted to shut down the reactors because they were not economically viable.<p>The irony is that Sweden is ideally suited for going 100% renewable. The North has lots of hydro (which is essentially storage) and the south has lots of windy coastline. But if you go around Sweden the number of wind turbines is tiny. In the Gothenburg area I&#x27;m aware of maybe 10 (only one is really close).<p>Sweden (unlike Denmark or Germany) never really invested in renewables. If they would have invested in wind like those countries (and let the north south connections go to rot) they would be fully renewable already. I suspect the 40B would also pay for enough wind to achieve that goal.