Mykkänen: Finland to devise new subsidy to encourage nuclear power build-up

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				Mykkänen: Finland to devise new subsidy to encourage nuclear power build-up

Minister of Climate and the Environment Kai Mykkänen (NCP) talked about nuclear power at a press conference organised by Fortum, a majority state-owned power company, in Loviisa on 2 September 2024. Mykkänen revealed this week that the government has devised a price mechanism designed to kick off the largest possible nuclear power project in Finland. (Antti Aimo-Koivisto – Lehtikuva)

MINISTER of Climate and the Environment Kai Mykkänen (NCP) believes a new large-scale nuclear power plant is needed in Finland, reports YLE.

Mykkänen on Tuesday stated that the need stems from the fact that the existing nuclear power capacity and growing wind power capacity will not suffice to cover the projected doubling of electricity consumption in the coming 10 years, an increase that is attributed to the shift away from fossil fuels in heating.

“If we move forward with these growth figures, the question won’t be whether it should be wind power or nuclear power. We’ll need both,” he was quoted saying at a news conference by YLE.

More nuclear power, he argued, is needed also to enable the growth of wind power, as the latter has to be supplemented with a steady

Source: www.helsinkitimes.fi

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