nuclear-news

Spain: Nuclear Industry Reels After Tax Increase

Energy Intelligence Group, Fri, Jul 26, 2024, Author, Grace Symes, London, Editor, Phil Chaffee

Spain’s nuclear operators are warning that last month’s move by Madrid to significantly raise a tax on these utilities may undermine the commercial viability of Spain’s seven operating reactors, even as they approach a government-mandated nuclear phaseout by 2035.

\The 30% tax rise is meant partly to cover the costs of seven separate interim nuclear waste storage facilities for spent fuel and high-level waste, a strategy mandated after the government discarded plans for a controversial single centralized facility. Owners argue they had no say in the storage decision, and should not be required to pay the significant added costs it will entail…………… (Subscribers only)  https://www.energyintel.com/00000190-bb7f-db32-ad93-bb7ff87a0000

July 28, 2024 - Posted by Christina Macpherson | business and costs, Spain