EconomyLens.com
No Result
View All Result
Friday, November 13, 2026
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Economy

Spain extends largest nuclear plant in policy U-turn

Natalie Fisher by Natalie Fisher
August 15, 2026
in Economy
Reading Time: 5 mins read
A A
0
57
SHARES
713
VIEWS
Share on FacebookShare on Twitter

The Almaraz plant in the western region of Extremadura was slated to close in 2028. ©AFP

Madrid (AFP) – Spain’s leftist government has reversed course and extended the operating life of the country’s largest nuclear plant to reduce exposure to turbulent energy markets, the state gazette showed on Friday. But the decision was condemned by a far-left party that is a junior member of the ruling coalition.

Related

Norway top court rules oil licences invalid in landmark ruling

Norway’s top court to rule on climate-disputed oil permits

Paraguay bank crisis sucks life out of bustling market

Fossil fuel mega-profits ‘morally unacceptable’, Guterres tells AFP

UK PM eyes EU ‘prize’ as leaders meet ahead of crunch summit

The Almaraz plant in the western region of Extremadura was slated to close in 2028 as part of the government’s plan to shut all nuclear reactors by 2035 and bet heavily on renewables. But the three Spanish firms that own the site — Iberdrola, Endesa, and Naturgy — asked the government last year to allow Almaraz to remain in service for another two years. Last year’s unprecedented nationwide blackout and soaring energy prices caused by the war in the Middle East rekindled debate over the phase-out, mirroring a wider reassessment of nuclear power across Europe.

A ministerial order from Wednesday appeared in the official state gazette announcing the authorisation to extend Almaraz’s operations until June 8, 2030. “The limited extension during this period makes a temporary contribution to mitigating the exposure of the electricity system and Spanish consumers to previously unforeseen price spikes,” said the announcement. Renewable energy and storage will continue to be “structural solutions to the exposure and vulnerability that the external dependence on fossil fuels represents,” it added.

– ‘Corporate pressure’ –

Sumar, the far-left junior coalition partner of the Socialist-led government, slammed what it called a decision based on “corporate pressure and not technical and environmental needs or economic competitiveness.” “Continuing to exceed the service life of this infrastructure delays real decarbonisation based on renewables and imposes unacceptable costs and risks on society, as well as making the price of energy more expensive,” Sumar said in a statement.

The government had previously said any extension would depend on the plant meeting all required safety standards and not imposing additional costs on taxpayers. It insisted in the gazette that the extension “has a very limited impact” on existing energy policy and “does not alter the rest of the timetable,” including the full nuclear phase-out by 2035.

The Almaraz plant, which contributes around seven percent of Spain’s electricity production, is a key source of industry and employment in mostly rural, depopulated Extremadura. The region’s leader, Maria Guardiola, welcomed on X “a decision that provides certainty” and protects “an activity that for decades has been essential for the life of so many towns and families that depend on it.”

© 2024 AFP

Tags: energy crisisnuclear energyrenewable energy
Share23Tweet14Share4Pin5Send
Previous Post

EU to study potential vaccine for Lyme disease: companies

Next Post

Stocks mixed as oil climbs, dollar drops

Natalie Fisher

Natalie Fisher

Related Posts

Economy

Mercedes to halt German investments, mulling plant closures

November 12, 2026
Economy

Paraguay presidential residence raided in bank probe

November 12, 2026
Economy

AI powers UK economic growth in third quarter

November 12, 2026
Economy

Zimbabwe promises mining reforms as communities decry damage

November 12, 2026
Economy

Holiday rental boom squeezes out residents in Spain’s Malaga

November 12, 2026
Economy

Protesters clash with police in Spain after huge housing cost rallies

November 12, 2026
Next Post

Stocks mixed as oil climbs, dollar drops

Hotter Europe isn't cooling investor fervor for stocks

US retail sales weakest in over a year in July

Stocks tread water with eyes on oil price

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
0 Comments
Oldest
Newest Most Voted
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

104

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Microsoft battling major Outlook outage

November 13, 2026

Asian markets turn negative as early rally fades after Huang downfall

November 13, 2026

Norway’s top court to rule on climate-disputed oil permits

November 13, 2026

Microsoft battling to fix global Outlook outage

November 12, 2026
From EconomyLens

Clear insights, straight to your inbox.

Get the stories and perspectives shaping the economy.

EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Your Privacy Choices

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2026 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.