" Sweden’s government has said the Nordic country may need 10 new large nuclear reactors by 2045 as transport and industry shift away from fossil fuels and demand for electricity is forecast to rise to around 300 terawatt hours (TWh) from 135 TWh in 2023."
" State-owned utility Vattenfall, which hopes to build a new nuclear reactor by the mid-2030s, said it welcomed the government’s proposal and that it would study the details.
Finnish utility Fortum on Monday said it was not commercially viable to build new nuclear production capacity without state support.
But the amount of hydro power that can be developed is limited, based on the nature of the geography. Nuclear is not limited in the same way. Even Norway is now looking to nuclear for new generation capacity.
They really only need to compete on cost with hydro if there is some untapped ideal hydro location. Otherwise nuclear only needs to compete based on what else might be newly built to bring on more capacity.
