Soon EDF will have to start the biggest, most complex and costliest nuclear decommissioning and radioactive waste management programme on earth, writes Paul Dorfman. But whereas Germany has set aside €38 billion to decommission 17 nuclear reactors, France has set aside only €23 billion to decommission its 58 reactors. When the real costs come in, they could easily bankrupt the company.
… EDF facing bankruptcy as decommissioning time … Waste Finance dampierre-en-burly-cut.jpg Soon EDF will have to start the biggest, most … French nuclear fleet? It's a question that EDF and its partners are fretting over, with …
In its second consultation for the EDF's planned Sizewell C nuclear power station there's a strange omission, writes Peter Lux: that the plant would use 1,600 m3 of mains water a day, adding to stresses on important local wetlands like RSPB's Minsmere reserve. The omission is not just strange - it's also illegal and could make the entire exercise invalid.
… Sizewell C consultation: EDF 'forgets' to mention 600,000 m3 a year of … In its second consultation for the EDF's planned Sizewell C nuclear power station … entire exercise invalid. One 23rd November EDF launched its Second Consultation Document …
Global nuclear power capacity grew slightly in 2016, writes Jim Green, but it was more a dead cat bounce than the promised 'nuclear renaissance'. The collapse of Toshiba, the direct result of its failing nuclear ventures, is indicative of the crisis faced by nuclear contractors and utilities worldwide. Another sign of the industry's poor outlook: no major commodity had a worse 2016 than uranium.
… from renewables. In Europe, energy giants EDF, Engie (France), E.ON, RWE (Germany) and … up, with French-state-controlled utility EDF taking a majority stake in the reactor … could turn out to be highly problematic for EDF as its risk profile expands. EDF struggles …
With the sixth anniversary of the Fukushima disaster falling tomorrow, nuclear lobbyists are arguing over solutions to the existential crisis facing nuclear power, writes Jim Green. Some favour a multinational consolidation of large conventional reactor designs, while others back technological innovation and 'small modular reactors'. But in truth, both approaches are doomed to failure.
… is in its " worst situation ever " , former EDF director Gérard Magnin said in November … heavily indebted nuclear utilities Areva and EDF. The current taxpayer-funded rescue of the … come from French taxpayers. On February 14, EDF released its financial figures for 2016: …
Natural gas is meant to be a far lower carbon fuel than coal, writes Steve Horn. But a new study shows that methane leaks from gas power plants and oil refineries are 20-120 times higher than thought. And with methane a greenhouse gas almost 100 times stronger than CO2 over 20 years, the leaks are equivalent to about a tenth of the US's CO2 emissions.
… and funded by the Environmental Defense Fund (EDF), with a grant from the Afred P. Sloan Foundation. EDF stated in a press release : "Power plants … compressors. The study was done as part of EDF's ongoing series of studies measuring …
The nuclear industry faces an uncertain future as the reactor building boom is struck by unexpected costs, serious technical problems, and long, expensive delays, writes Paul Brown. Meanwhile renewables like wind and solar are offering investors an enviable combination of falling cost, low risk, fast build times, predictable returns and minimal long term liabilities.
… for US utilities. Électricité de France (EDF) , the French company with ambitious plans … Flamanville , France, or in Taishan, China. EDF and its sister company Areva are also … own home-grown designs and two reactors of EDF's new design, which are still under …
News that one of the world's biggest nuclear power constructors, Westinghouse, has filed for bankruptcy in with debts of over $10 billion has put the entire sector on notice and issued a dire warning to nuclear investors everywhere, writes Jim Green. Among the likely casualties: the UK's Moorside nuclear complex in Cumbria.
… heavily indebted nuclear utilities Areva and EDF. The French nuclear industry is in its … "worst situation ever" according to former EDF director Gérard Magnin. Meanwhile a simple … between France and Germany indicates that EDF has massively under-budgetted for its …
After years of pro-nuclear bombast from the Conservative Party, its 2017 manifesto hasn't got a single word to say about nuclear power, write Oliver Tickell & Ian Fairlie. Instead it announces a renewed focus on cutting energy costs, and a big boost for increasingly low-cost wind power; while both Labour and Libdems offer only weak, highly qualified support for new nuclear build. And so the great British 'nuclear renaissance' reaches its timely end.
… parlous condition of the French parastatals EDF and Areva, which survive only thanks to … that contracts between the UK government and EDF to build the twin-unit EPR have already … Euratom treaty; the decline in the value of EDF's revenues with the weaker pound; …
The UK's inability to import radio-isotopes for cancer therapy is just the latest outcome of the UK's decision to leave EURATOM to hit the headlines, writes Pete Roche. It may also put a brake on the UK's plans to build new nuclear plants, and import and export nuclear fuel and wastes. The UK's exit from the treaty, as a strongly pro-nuclear state, could also mark an EU-wide anti-nuclear swing.
… in Somerset could also face renewed problems. EDF has warned that Brexit could increase "the … and could delay their delivery" . EDF, which also operates Britain's existing … agreements within the EURATOM framework ." EDF is also worried that Brexit will affect …
With the world's leading nuclear corporations facing bankruptcy due to ever escalating costs, 'unconstructable' reactor designs and financing risks, there's an easy way to finance the UK's new nuclear power stations, writes David Toke: pin the cost onto taxpayers. As for schools, hospitals, pensions, housing, social care and other public services, who needs 'em?
… bankrupting the French nuclear industry and EDF . Even lured by a promise of £92.50 per … taxpayer guarantees on construction finance, EDF has been unable to summon up the vast …
Theresa May's party made a commitment to delivering the lowest cost power in Europe. The Conservatives also promised utter impartiality in deciding between power generation technologies. So how can it now justify a pro-nuclear energy policy that could cost each household £12,600? OLIVER TICKELL investigates
… hell of a deal for its developers, France's EDF and its Chinese partner, CGN. But even at this price, many analysts think EDF should walk away from the project, such …
The main company due to build UK's 'flagship' nuclear power project at Moorside in Cumbria is on the ropes, writes Doug Parr, thanks to its multi-billion dollar nuclear losses on in the US. The obvious solution, (almost) all our politicians insist, is to ignore cheaper, faster, cleaner renewables, and make the taxpayer pick up the cost of yet another nuclear white elephant.
… the high price of £92.50 (2012 prices) that EDF got for their Hinkley Point plant . So why …