Vattenfall has decided to close two nuclear reactors, Ringhals 1 and 2, of the four-reactor Swedish nuclear power plant.
The reason to change the direction of the planned operational lifetimes for Ringhals 1 and 2 is declining profitability and increased costs.
“Unfortunately, we see market conditions with continued low electricity prices in the coming years. At the same time, we are facing increasing production costs.”As to Vattenfall's five other nuclear reactors Ringhals 3 and 4, and Forsmark 1, 2 and 3, the existing plans for at least 60 years of operational lifetime, until the beginning of 2040s, remains.Torbjörn Wahlborg added:
“Vattenfall’s decision is business driven. It is of course regrettable to close down well-functioning production units but sometimes this is inevitable.”