An SMR pilot could be considered to replace Fennovoima in Pyhäjoki

Fennovoima terminated the plant contract for the Hanyhikivi nuclear power plant in Pyhäjoki Rosatomin with. The question is where to get a replacement investment for the farm and whether it is possible to build production on the Hanhikivi nuclear power plant site by another builder.

Finland, which is becoming a carbon-free country, will need much more electricity in the next decade.

In the moderate scenario for the energy industry alone, about 112 terawatt hours of electricity will be used in 2035 and 135 terawatt hours in 2050. And that is a moderate view. Last year, electricity consumption was 87 terawatt hours.

According to the forecasts of the Finnish Climate Panel, electricity consumption could be as high as 225 terawatt hours in less than 30 years.

Alongside the huge construction of wind power, other production will also be needed when fossil energy is phased out. In Finland and Sweden, a record number of existing nuclear power plants will also slow down by the 2040s. Olkiluoto 3 and Fennovoima show that 10–20 years are spent surprisingly fast in nuclear power construction.

There are several known problems in Hanhikivi in ​​Pyhäjoki. It is now clear that the majority owner of Fennovoima Power company SF is likely to face years of litigation against Rosatom for breach of contract. A total of almost one billion euros has been spent on the Hanhikivi area and the entire project.

Therefore, the parties to the dispute should quickly reach an agreement on the sale of Fennovoima’s site to a potential new entrant. This would be believed to be in everyone’s interest in reducing losses.

Based on various studies, EK estimates that more than 100, even 240 billion, investments will be needed for Finland’s green transition by 2050. Much of the money would go to energy systems.

An agreement is needed because the new entrant hardly wants to buy the litigation area for himself, but wants to leave the table. CEO of Fennovoima Joachim Specht stated on Monday that a new plant supplier is at least theoretically possible (KL 2.5.).

In the new mega-class nuclear power plant, the licensing process would only have to start from scratch. This will take time.

Coalition Party Heikki Vestmanin the suggestion that the Hankikivi site could be used as a pilot area for new small modular nuclear power plants (SMRs) is not as far-fetched as it might seem at first glance. Funding could come from green funding in the EU’s taxonomy.

Based on various studies, EK estimates that more than 100, even 240 billion, investments will be needed for Finland’s green transition by 2050. Much of the money would go to energy systems.

The Hanhikivi area can be very interesting for energy operators. The problem is that the Nuclear Energy Act does not recognize small series-produced SMR units, but the regulation is written from the perspective of large nuclear power plants.

This needs to change quickly, as Vestman suggests, and the licensing of small reactors needs to be made easier. The road to this already exists when the Nuclear Energy Act is currently being reformed.

By Editor

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