Norway is set to receive a key report on Wednesday that will outline when the country could begin building nuclear power plants and the expected expenses involved. The document, prepared by the Norwegian Directorate for Civil Protection and Emergency Planning, has been eagerly anticipated by energy sector officials and policymakers for months.
The report follows a government decision last year to assess the feasibility of nuclear energy as part of Norway’s broader energy transition. While the country relies heavily on hydropower, authorities are exploring nuclear as a way to ensure stable electricity supply during periods of low rainfall or high demand.
A senior energy executive told E24 that early indications suggest nuclear power could be operational in Norway by the 2040s. The timeline depends on regulatory approvals, funding models, and public support. The executive, who spoke on condition of anonymity, added that costs would vary significantly based on reactor type and location.
The government has not yet committed to a nuclear program but has signaled openness to the technology if it proves economically viable. Earlier studies estimated that small modular reactors could cost between 70 and 120 billion NOK to deploy at scale, though these figures remain preliminary.
Energy analysts will review the report’s findings closely before recommending next steps. The document is expected to include assessments of safety risks, waste management, and grid integration challenges.
Source: e24.no