Ringhals Nuclear Units 1 & 2 to Shut Down by 2020

 Ringhals Nuclear Units 1 & 2 to Shut Down by 2020

The 1,746-MW Ringhals nuclear power plant in Sweden will close the two reactors by 2020, the second closure announcement from the country in as many days.
 
Utility Vattenfall owns a 70.4-percent stake in the plant and Germany’s E.ON owns the remainder. Unit 2 will shut down in 2019, and Unit 1 will close by 2020. The reactors were set to operate until 2025, but the companies have debated when to shut them down. Vattenfall said analysis of fuel costs, future maintenance requirements and any necessary investments to keep the reactors running until 2020 were reasons behind the decision to shut down. E.ON wanted Vattenfall to continue the analysis before a decision was made. Ringhals’ board decided in September to end investment projects from 2017 and cancel new investments in the two reactors. Vattenfall wrote down the value of Ringhals by 17 billion kronor ($2.1 billion). The co-owners expect to operate units 3 and 4 for 60 years.
 
E.ON and Finland-based Fortum announced it would shut down two units at the Oskarshamn nuclear plant in Sweden early. The exact shutdown date has not been established. The 1,450-MW Oskarshamn 3 will continue to operate until 2045.
 
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