Finland Ready to Switch on Its New Atomic Reactor as Power Prices Surge
The Olkiluoto-3 nuclear power reactor in Olkiluoto, Finland.
Photographer: Roni Rekomaa/BloombergThis article is for subscribers only.
Just days after Finnish power prices surged to their highest in more than a decade, the market finally got some good news. The Nordic nation is getting ready to push the start button on its newest nuclear reactor.
First due to deliver power to the grid in 2009, the Olkiluoto-3 nuclear reactor owned by Teollisuuden Voima Oyj has seen faster than anticipated recent progress, and the company on Wednesday asked for permission to start the unit. That means the 1,600-megawatt reactor could be connected to the network before June as currently estimated.