World’s first nuclear waste storage facility in Finland moves forward. Developer Posiva plans to store spent nuclear fuel at a depth of around 400 to 450 metres in the Onkalo bedrock on Olkiluoto island. Plans for what will be the world’s first underground nuclear waste disposal facility in Finland have taken a step forward, with a €500 million (£458m) investment. Developer Posiva, owned by Finnish utilities Fortum and Teollisuuden Voima, plans to store spent nuclear fuel at a depth of around 400 to 450 metres in the Onkalo bedrock on Olkiluoto island, around 230km northwest of Helsinki. The licence for the Onkalo facility was issued by the Finnish Government in 2015, following which the company started screening a number of potential sites.
Energy Live News 2nd Aug 2019 read more »