The Fukushima Daiichi nuclear disaster rocked the European energy landscape and Switzerland, following the lead of Germany and Belgium, decided to phase out nuclear energy. In ----, in its ---- Energy Strategy, the Swiss government mandated that once the current facilities have reached the end of their lifetime they should be decommissioned and not be replaced with new nuclear capacity. ...The Fukushima Daiichi nuclear disaster rocked the European energy landscape and Switzerland, following the lead of Germany and Belgium, decided to phase out nuclear energy. In ----, in its ---- Energy Strategy, the Swiss government mandated that once the current facilities have reached the end of their lifetime they should be decommissioned and not be replaced with new nuclear capacity. In reality, this means that all nuclear units, totalling -.--GW, will be offline as of ----. In line with the confirmed plans to take various plants offline, we see nuclear power generation falling by --.- in ---- with another significant fall in ---- and further small contractions in subsequent years. As the plans to phase out the remaining nuclear power plants are confirmed, we will adjust our forecasts as necessary, though it is unlikely any further plants will be closed by the end of our current forecast period in ----.
...IKEA Switzerland has launched a range of solar power projects and in August ---- announced it had formed a partnership with Helion Solar, part of Alpiq Holdings, which will provide consulting, sales and installation services for panels sold via IKEA s stores. While few new hydropower plants are underdeveloped, investment in the modernisation and upgrades of existing plants is ongoing. ...The USD--.-mn project increased capacity from ---kW to ---kW. Total electricity generation is forecast to increase by -.- in ---- to reach --.-TWh, as expanded hydropower capacity comes online and new renewables projects are realised. Total generation is forecast to reach --.-TWh in ----, as the retirement of nuclear is offset by renewables growth. ...Total electricity generation is forecast to increase by -.- in ---- to reach --.-TWh, as expanded hydropower capacity comes online and new renewables projects are realised. Total generation is forecast to reach --.-TWh in ----, as the retirement of nuclear is offset by renewables growth.
...BMI View: The development of new renewables capacity is the prime source of growth in Switzerland s already mature power market. The country has committed to retiring nuclear power from the domestic energy mix and with most large-scale hydropower sites already developed this puts the onus on wind, solar and geothermal to make up the short-fall in capacity. ...
