
Posted: 31st December 2025
The world’s first deposit of nuclear waste lies 430 meters underground,
beneath a dense pine forest on the peninsula of Olkiluoto, on the shores of
western Finland. It should store up to 6,500 tonnes of waste. Finland opted
for a deep geological deposit to permanently and securely dispose of
radioactive spent nuclear fuel. Carved in the granite bedrock, deep below
the surface, the storage is conceived to protect the surface from
radioactivity for at least 100,000 years. After a one-year delay due to
technical difficulties, the Onkalo (“cave” in Finnish) is now awaiting
final approval from the Finnish Nuclear Security Agency, STUK. Contacted by
The European Correspondent, the operator of the Onkalo, Posiva, reaffirmed
its goal to start operations in 2026. The construction of the Onkalo site
has cost around €1 billion so far, Posiva told TEC. The operations and
the site’s closing, in a hundred years from now, are further evaluated at
an additional €4 billion, bringing the total cost to €5.5 billion. For
context, decommissioning a wind turbine in Finland costs between €10,000
and €85,000.
European Correspondent 17th Dec 2025