24510
Sweden Closes 2 Nuclear  Power Plants 
Energy

Sweden Closes 2 Nuclear Power Plants 

While it is certainly true that many European countries have made enormous strides in renewable energy generation, there is another fuel source that is unusually important in many European countries compared to the rest of the world: nuclear power.
Sweden is a prime example of this. The country generates almost 35% of its electricity from nuclear power—just shy of the amount that it generates from all renewable sources combined, Oilprice reported.
Hence, it was more than a little surprising when Swedish utility company Vattenfall announced earlier this year it was closing its Ringhals 1 and 2 nuclear reactors.
Combined, the Ringhals reactors generated 9.8 terawatts-hours of electricity in 2014 versus 11.6 terawatt-hours produced by all of the wind turbines in Sweden combined. The shutdown is a big deal in the Nordic country and led long-term whole power futures to rise by roughly 4%.
The company shut down the reactors in response to a combination of relatively low wholesale power prices and the announcement by the Swedish government that taxes on nuclear power would increase as of August.
Nuclear power is, in fact, one of the cleanest power sources on earth, and given the production costs required to make enough solar panels or wind turbines to offset the loss of a single nuclear plant, one could make a credible argument that nuclear power is a greener technology than conventional renewables.
The shutdown of nuclear reactors can even lead to more carbon emissions and of course higher electricity prices as supply of wholesale electricity declines and remaining conventional fossil fuel plants find that it is more profitable to ramp up output.

 

Short URL : https://goo.gl/ckocyX
  1. https://goo.gl/AueqPC
  • https://goo.gl/pagp8K
  • https://goo.gl/DAhTRq
  • https://goo.gl/3psas5
  • https://goo.gl/gWGxaE

You can also read ...

Renewable Energy Could Become Cost-Free by 2030
A research report by Swiss investment bank UBS believes the...
India Announces 2nd Round of $14b Oil, Gas Bidding
India has launched the second round of bidding for small...
Total Awaits CNPC Decision on South Pars Stake
Total is awaiting a decision by China National Petroleum Corp...
Oil Price Edges Up
Oil prices rose on Tuesday after Saudi Arabia said it had cut...
Focus on Eying Sustainable Water, Energy Consumption Patterns
Identifying sustainable water and energy consumption patterns...
Portable Gas Stations  for Northern Routes
The National Iranian Oil Products Distribution Company has...
Domestic Refineries Building Diesel Hydrotreating Units
A diesel hydrotreating unit, which is a part of the plan to...

Trending

Googleplus