Videberg Kraft has applied for state aid for investment in new nuclear power.
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Project company Videberg Kraft, 20% owned by Vattenfall, which builds and operates nuclear reactors, is applying for funds for a new nuclear reactor on the Värö Peninsula on the west coast of Sweden.
In Sweden financing and risk sharing for nuclear projects is covered by the Government Bill on Financing and Risk Sharing in New Nuclear Power – a bill that was adopted by the Swedish Parliament (the Riksdag) in May 2025. The model encompasses provisions for state aid to companies seeking to invest in nuclear reactors.
The sole focus for Videberg Kraft will be to develop and own the reactors on the Värö Peninsula.
Assuming an agreement between the state and Videberg Kraft has been reached, the government may initiate the formal state aid process with the European Commission. The Commission recently approved the Polish application for financing of the construction and operation of Poland’s first commercial nuclear power plant, declaring it compatible with EU state aid rules.
Videberg Kraft is planning a project with either five BWRX-300 reactors from GE Vernova Hitachi or three reactors from Rolls-Royce SMR, which will provide a total output of approximately 1,500 MW. There is currently an intensive evaluation process of the two remaining suppliers, and a decision is planned for this year.