Finland's much-delayed and costly new nuclear reactor, Europe's most powerful by production capacity, has completed a test phase lasting over a year and started regular output, boosting the Nordic country's electricity self-sufficiency significantly.
The Olkiluoto 3 reactor, which has 1,600-megawatt capacity, was connected into the Finnish national power grid in March 2022 and kicked off regular production on Sunday. Operator Teollisuuden Voima, or TVO, tweeted that “Olkiluoto 3 is now ready” after a delay of 14 years from the original plan.
“The production of Olkiluoto 3 stabilizes the price of electricity and plays an important role in the Finnish green transition,” said TVO President and CEO Jarmo Tanhua in a statement. The company added that “the electricity production volume of Europe’s largest nuclear power plant unit is a significant addition to clean, domestic production.”
The Olkiluoto 3 is western Europe’s first new reactor in more than 15 years. It is the first new-generation EPR, or European Pressurized Reactor, plant to have gone online in Europe. It was developed in a joint venture between France’s Areva and Germany’s Siemens. Experts have put Olkiluoto 3’s final price tag at some 11 billion euros - almost three times what was initially estimated. Finland now has five nuclear reactors in two power plants located on the shores of the Baltic Sea. Combined, they cover more than 40% of the nation’s electricity demand.
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