Almaraz Nuclear Plant in Cáceres, Spain Halts Two Reactors Until New Notice Due to High Renewable Energy and Taxation

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Published Apr 16, 2025, 05:52 PM

The Almaraz nuclear power plant in Cáceres, Spain, has ceased operations of its two reactors until new notice due to a combination of high renewable energy production and high taxation. The shutdown, effective from Wednesday, April 16, 2025, was prompted by a series of storms that increased renewable energy output, pushing nuclear power out of the market. The plant's management emphasized that the reactors are in perfect technical and safety conditions, and the shutdown is part of normal operations. The decision to halt production was influenced by the current market dynamics, where the high tax burden on nuclear facilities, accounting for over 75% of variable costs, makes operations economically unviable. The average price of electricity on the day of the shutdown was reported at 12.14 euros per megawatt-hour (MWh), significantly lower than the tax burden on nuclear production. This development comes as the owners of Almaraz are finalizing a request to extend the plant's operational life until 2030, highlighting the ongoing debate over the future of nuclear energy in Spain amidst increasing renewable energy capacities and fiscal pressures.

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Sources

bloomberg.com(3)eleconomista.es(2)law360.com 20minutos.es

Law360

@Law360

Renewable fuels company Global Clean Energy Holdings Inc. filed for Chapter 11 relief Wednesday in Texas with more than $2 billion of debt and a prepackaged restructuring plan supported by its secured lenders. https://t.co/4PHyfmOAjI https://t.co/J1K3xOhZUi

Mike Netter

@nettermike

Ivanpah California $2.2 billion Solar Electric Power Plant has officially FAILED and will begin shutting down operations early 2026 - $1.6 BILLION in federal loans - $535 MILLION grant - $600 MILLION tax credit - MASSIVE investor write-offs Poof! Gone! Ivanpah employs https://t.co/dWIMBWLID6