Spain Plans to Close All Nuclear Plants by 2035

Spanish government to close all seven of its nuclear plants between 2025 and 2035 as part of plans to generate all the country’s electricity from renewable sources by 2050.

Energy Minister Teresa Ribera just announced the move, as the Socialist government prepare to call an early national election.

Under a bill prepared last year, the govt. aims to ban sales of petrol, diesel and even hybrid cars from 2040 and encourage the installation of at least 3,000 MW per year of renewable energy sources such as solar plants.

Overhauling Spain’s energy businesses, which already generated roughly 40% of its electricity from renewable sources in 2018, will require a lot of money: 235 billion euros ($266 billion) during period 2021 to 2030.

Spainish nuclear plants, which started operations 1983-1988, are owned by Iberdrola, Italian Endesa, Naturgy and Portugal EDP.