Finland's Olkiluoto 3 reactor will meet 14% of the country's energy requirements.
Meanwhile, the reactor alone, the country's first new plant in four decades, is slated to produce enough energy to fulfil 14% of Finland's electricity demand, helping the nation reduce its dependence on energy imports from Sweden and Norway. The war in Ukraine has strained Russia's relationship with Europe, with Russia halting energy exports to Finland last May.
The OL3 is operated by a Finnish clean energy firm called Teollisuuden Voima . The company claims the plant will produce energy for at least the next 60 years. The construction of the plant unit was done under a fixed-price turnkey contract. "The production of Olkiluoto 3 stabilizes the price of electricity and plays an important role in the Finnish green transition.
According to TVO, the "plant unit is intrinsically operated at full power output" and the first annual outage is scheduled for March 2024.The Olkiluoto 3 project employed 80 nationalities. At its height, workers on the site reached 4,500. According to TVO, the trial production period alone comprised some 3,300 tests with more than 9,000 test reports.
Once the results of the latest test production phase are analyzed, the operator will initiate the necessary steps to commence commercial production.
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