File

Lombardi reported on December 27 that Spain on Wednesday confirmed plans to close the country's nuclear plants by 2035 as it presented energy measures including extended deadlines for renewable projects and adjusted renewable auctions. [2035 is a long time away. Likely will re-think shut-down after solar and wind O&M costs become visible in the wind and solar projects]

                                                          Cofrentes nuclear power plant is pictured before a storm in Cofrentes, near 
                                                           Valencia, Spain, September 15, 2021. REUTERS/Eva Manez/File 

The management of radioactive waste and dismantling of the plants, whose shut down will begin in 2027, will cost about 20.2 billion euros ($22.4 billion) and will be paid for by a fund supported by the plants' operators, the government said.

The future of the country's nuclear plants, which generate about a fifth (20%) of Spain's electricity, was a hot issue during the recent electoral campaign, with the conservative opposition People's Party (PP) pledging to reverse the planned phase-out. More recently, one of the main business lobbies called for extending the use of these plants. Among other measures were changes to the rules governing development of new green energy projects and renewables auctions.

 The government agreed to extend key administrative deadlines for new projects. The deadline to obtain a building permit, for example, was increased by six months to 49 months. Renewable auctions may now include qualitative criteria to take into account social and environmental standards to "recognise the added value of European products," the Energy Ministry said in a statement.

($1 = 0.9021 euros)

Original working URL: https://www.reuters.com/business/energy/spain-confirms-nuclear-power-phase-out-extends-renewable-projects-deadlines-2023-12-27/

[Additional articles on Spain's nuclear power plants: (here).]

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