Daily News Roundup, 18 March 2024
EDF
France’s EDF faces uphill battle as Europe’s demand for nuclear reactors grows. EDF, the French state-owned energy giant faces criticism for rising costs and delays in its nuclear projects, its existing reactors have also been encountering problems. Euractiv looks at the implications of these challenges for EDF and the wider nuclear energy industry. EDF, Europe’s leading energy company, announced on 23 January 2023 further cost increases and delays in constructing its two third-generation pressurised water reactors (EPR 2) at Hinkley … read more »
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Weekly News Summary
Nuclear News Weekly Summary w/e 15th March 2024
HSBC Holdings Plc is in talks with investment funds about loans to help to finance Sizewell C. The bank is in discussions with funds to provide the debt that would be guaranteed by the country’s export finance agency. City AM says the project may now cost £40bn.
Labour’s Shadow Welsh Secretary Jo Stevens has called on the UK Government to “get on with delivering new nuclear power” as research suggested Wylfa would already be half built if it … read more »
Comment & Updates
Nuclear Roadmap is Pure Fantasy
The Stop Hinkley Campaign has described the Government’s so-called Nuclear Roadmap (1) as “pure fantasy”.
The Roadmap majors on plans to explore the possibility of building another large-scale power plant as big as Hinkley Point C. Anglesey and Cumbria are suggested as possible sites. But these sites were designated twelve and a half years ago and have come to nothing. The problem is finding somebody willing to invest the huge sums of money required for these risky projects. SSE, Iberdrola, Engie … read more »