Niklas Wykman

New nuclear power is a long-term undertaking for society. It requires investments from both the private sector and the state. In the Spring Amending Budget for 2026, the Government proposes state majority ownership of Videberg Kraft AB and that the state assumes a role in the financing of the future system for radioactive waste management and spent nuclear fuel by reducing risk for those who make the initial investments. Those who produce the waste should also continue to be responsible for their share of the costs.

The Government has received the first application for state aid to build new nuclear power in Sweden. Videberg Kraft AB has applied for support to build new reactors on the Värö Peninsula at Ringhals. The company is backed by Vattenfall AB and several large Swedish industrial corporations under Industrikraft i Sverige AB.

The Government has adopted guidelines for the Swedish National Debt Office’s central government debt management in 2026. The decision does not involve any changes to the central government debt composition or term to maturity. However, the guidelines for next year clarify how the management of central government debt should be evaluated.

Since 1 August 2025, companies seeking to build nuclear reactors in Sweden have been able to apply for state aid. In the Budget Bill for 2026, the Government has proposed economic frameworks that enable agreements on the initial projects to be concluded.

On October 7, the Government held the Nordic-Baltic Nuclear Investment Summit. Minister for Energy, Business and Industry Ebba Busch hosted the Summit together with Finland’s Minister of Climate and the Environment Sari Multala. Participants in the Summit included six ministers and more than 200 representatives of companies from the nuclear energy and finance sectors of four continents.

Expanding nuclear power will play a crucial role in enabling Sweden to reduce its domestic climate emissions and achieve the goal of net zero emissions. The Government proposes amendments to the Swedish Environmental Code that will permit new nuclear power plants on more coastal sites. Under the proposals, protection of natural and cultural heritage will be maintained. The proposed legislative amendments are now the subject of a consultation.

On 7 October 2025, Sweden’s Minister for Energy, Business and Industry Ebba Busch and several ministerial colleagues will host a high-level summit on new nuclear energy in the Baltic Sea region. Finland’s Minister of Climate and the Environment Sari Multala will co-host the event.

Sweden needs new nuclear power to cover energy needs, provide a secure supply of electricity to the national grid and carry out the energy transition. As of 1 August 2025, companies seeking to build reactors will be able to apply for state aid. The Government has now approved a new ordinance regulating the application process.

Sweden faces considerable problems with volatile electricity prices for households and businesses and imbalances in the electricity system. To deal with this, the fossil-free base load needs to be expanded. In March 2025, the Government adopted the Financing and risk sharing in new nuclear power Government Bill, which included proposals for state aid to companies that want to invest in nuclear reactors. The Riksdag has now decided to adopt the Government’s proposal.

In a government bill submitted to the Riksdag last week, a new Act is proposed concerning state aid for companies looking to invest in new nuclear power reactors. A memorandum that will be referred for consultation today proposes supplementary provisions on how companies’ applications for aid should be structured.

More than 600 leading Swedish and international companies, investors and decision-makers gathered in Stockholm on 19 February for the Join Sweden Summit, the Government’s international investment conference that set a new attendance record this year. Prime Minister Ulf Kristersson hosted the conference.

On Wednesday 19 February, Prime Minister Ulf Kristersson is hosting the Join Sweden Summit 2025, bringing together more than 600 international and Swedish companies, investors and decision makers. HRH Prince Daniel will open the conference and a number of Government ministers are also participating.

Today, the Government adopted new guidelines for the Swedish National Debt Office’s central government debt management in 2025. The Swedish National Debt Office will continue to issue inflation-linked bonds, but the outstanding volume will be reduced. The aim is inflation-linked debt of around SEK 80 billion by the end of 2029. In addition, from now on, the central government debt’s term to maturity will be measured in average time to refixing (ATR).

Swedish and Finnish ministers will undertake a number of joint visits on the afternoon of 16 September. Media representatives are welcome to take part in the visits. Contact the relevant press contacts for more information, see below. Note that the list is subject to change.

On Wednesday, 13 March, Minister for Financial Markets Niklas Wykman and the President of Financial Task Force (FATF) T. Raja Kumar will hold a press briefing.

Today, the Government adopted guidelines for the Swedish National Debt Office’s central government debt management. The guideline decision for 2024 does not entail any steering changes compared with the previous year.

Yesterday evening, the Government received the alarming news that two Swedes were killed in a terrorist attack in Brussels. The attack appears to have been aimed at Sweden and Swedish interests. Our thoughts are with the deceased and their relatives.

The Government adopted guidelines for the Swedish National Debt Office’s national debt management. The guideline decision for 2023 amends the steering of national debt composition to gradually phase out national debt foreign currency exposure, with a target value of zero from 2027. Progress will be evaluated against a constant rate of reduction for the period 2023–2026. Furthermore, the reporting of private market borrowing results will cease.