Swiss nuclear replacement will cost $33bn

Switzerland’s decision to withdraw from nuclear power, and no longer build nuclear plants (NPPs) will cost the country €25 billion ($33 billion).

The figure comes from the country's Department of the Environment, Transport, Energy and Communications (DETEC), which classed the planned phase-out as "feasible" with a limited impact on the economy.

The country is aiming to decommission its five reactors -- which provide just over 40% of Switzerland's electricity - by 2034. DETEC was tasked with modelling the country's future energy mix and costs to 2020, 2035 and 2050, reports Industrial Info.

DETEC's findings show that there will need to be significant investment in alternative renewable energy sources in the coming decades. It also expects to reduce its energy imports through greater focus on energy efficiency.

To help secure its energy supply, DETEC claimed that it will be necessary to build additional gas-fired and combined heat and power (CHP) facilities.

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