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Finland opens nuclear power plant amid concerns of European energy war
(The Guardian, 12 Mar 2022) First European nuclear facility to open in 15 years will reduce need for imports from Russia.
urope’s first nuclear power plant to open in 15 years began production in Finland on Saturday, at a crucial moment for energy supply following Russia’s invasion of Ukraine.
The much-delayed Olkiluoto 3 nuclear reactor started test production, delivering power to the national grid, which over time is expected to reduce the need for electricity imports and lead to lower prices.
It comes amid growing fears of an energy war in Europe, after Moscow threatened to close a major gas pipeline to Germany if European countries ban Russian oil imports.
Once fully operational Olkiluoto 3, operated by TVO (Teollisuuden Voima), is expected to meet 14% of Finland’s electricity demand, reducing the need for imports from Russia, Sweden and Norway.
“Olkiluoto 3 will decrease Finland’s import dependency and it will become a cheaper price zone,” Aurora Energy Research economist Alexander Esser told Reuters.
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The Guardian, 12 Mar 2022: Finland opens nuclear power plant amid concerns of European energy war
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