The Board of Directors at the US Export-Import (Exim) Bank has approved a final commitment for a USD98 million loan for pre-project services needed for the development of a first-of-kind NuScale small modular reactor in Romania.

The US Department of Energy has finalised a USD1.52 billion loan guarantee for Holtec International's project to recommission the single-unit pressurised water reactor, and the Department of Agriculture has issued USD1.3 billion in grants to two rural electric cooperatives that will purchase power from the restarted plant.

Westinghouse Electric Company and Bechtel said they welcome the announcement by the Polish government of its intention to allocate PLN60 billion (USD15.7 billion) to fund the country’s first nuclear power plant.

A finance-focused edition examines the significance of the declaration of support by 14 international banks for the goal of tripling nuclear capacity - and also hears from some of the key decision-makers about the challenges for private finance in new nuclear, and their ideas for smoothing that path.

A group of 14 global financial institutions have expressed their support for the call to action to triple nuclear energy capacity by 2050.

The Swedish government is proposing investments of over SEK1 billion (USD97 million) in 2025 to expand fossil-free electricity production. This includes an expanded investment in pilot and demonstration projects in the area of nuclear power and in streamlining the permitting process for new reactors.

Eletronuclear says a study by Brazil's National Bank for Economic and Social Development has concluded that the cost of abandoning construction of the part-built Angra 3 nuclear power unit could be about BRL21 billion (USD3.7 billion).

There is an increasing willingness to consider investing in new nuclear projects - but issues remain around the lengthy investment timelines and perceived regulatory risks, a panel at World Nuclear Symposium heard.

The Sizewell C nuclear power plant project is set to benefit from up to GBP5.5 billion (USD7.2 billion) in subsidies from a new development expenditure subsidy scheme announced by the UK Department for Energy Security and Net Zero.