In a new roadmap for increasing nuclear power capacity, the Swedish government plans to build two large-scale reactors by 2035 and 10 new large-scale reactors by 2045, according to the World Nuclear News.
In October last year, Sweden's incoming coalition government adopted to what was referred as the Tido Agreement.
With regards to energy, the agreement said the energy policy goal had been "changed from 100 per cent renewable to 100 per cent fossil-free".
The Tido Agreement assumed electricity demand to increase to 300 TWh in 2045, double the current demand.
A proposal presented in January aims to remove the current law that limits the number of reactiors to 10 and allows reactors to be built on new sites, rather than just existing ones.
The changes to the law are proposed to enter into force on 1 January 2024.
The new roadmap has called for higher government credit guarantees, adding the curent guarantees alone will not be enough to stimulate new production.
The government has previously proposed that government credit guarantees for SEK400 billion ($38 billion) be introduced for nuclear power.
The new policy will also make it possible for new nuclear power with a total output of at least 2500 MWe to be brought online by 2035 at the latest.
It further paves the way for a "massive expansion of new nuclear power by 2045". "Given the long-term needs for fossil-free electricity until 2045, an expansion is needed that could, for example, correspond to ten new large-scale reactors," the government said.
Elisabeth Svantesson, the Finance Minister, added: "New nuclear power is necessary for a stable and reliable energy system, for both consumers and businesses. It is therefore natural that the state will have to take a large financial role in terms of the expansion. The last few years have shown how expensive it is not to build nuclear power."