Finland opens nuclear power plant amid concerns of European energy war

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First European nuclear facility to open in 15 years will reduce need for imports from Russia

Europe’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 ofThe 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.to close a major gas pipeline to Germany if European countries ban Russian oil imports.

“Olkiluoto 3 will decrease Finland’s import dependency and it will become a cheaper price zone,” AuroraFinland’s first new nuclear plant in four decades, Olkiluoto 3 had originally been due to open in 2009 but was plagued by technological problems that became the subject of lawsuits. Finland’s net imports of power averaged 13 terawatt hours over the last few years, which should drop to 5 to 8 TWh by 2025 with Olkiluoto 3 in operation.

 

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