The Swedish government coalition has reached a new agreement with the three opposition parties to continue developing nuclear energy, while at the same time committing to converting Sweden’s energy production to 100% renewable energy by 2040, however, no deadlines were put for the phase out of nuclear energy, wrote Business Insider.

The agreement promises better conditions for Sweden’s nuclear power production: lower taxation, new facilities, and no expiration dates, thus aims to secure long-term energy supplies to the Swedish households and industries.

According to Channel News Asia, Sweden currently has nine functional reactors at three nuclear power plants, which were responsible for 38% of the electricity used in the country in 2014.

Lars Hjälmered, the Moderate Party’s energy policy spokesperson, was quoted by Sveriges Radio saying: “We can’t give Swedish nuclear power an early retirement.”

The reactors started operating in the 1970s and 1980s. A majority of them has a lifespan of around 40 years, thus they are in need of modernization.