Nordic energy company Fortum’s decision to establish a project company in Sweden to build new nuclear reactors shows that the Swedish state aid model is well-considered and fit for purpose, minister for financial markets Niklas Wykman said.

Wykman was speaking after the government received an application for financial support to build nuclear reactors by a newly established project company, Nucore Energi, which is owned by Fortum.

Wykman has strongly advocated for the expansion of nuclear energy in Sweden, saying it is essential for long-term economic stability, industrial competitiveness and achieving climate goals.