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 …
EDF in the UK may be propelled by its disastrous nuclear ambitions, writes Chris Goodall. But across the Atlantic it's another story: the company is the US's biggest wind developer, and selling its power, profitably, for under 40% of the price it has been promised for Hinkley C, including federal tax credits.
… EDF shows that wind makes better sense than … Corporations USA France UK Energy Finance edf-wind_farm1.jpg EDF in the UK may be propelled by its …
Another week, another series of disasters for EDF and it's Hinkley C nuclear power project, writes Oliver Tickell, with the company's credit rating downgraded partly due to its exposure to the project, and its Chinese partner CGN ruling out a takeover of the site. How much longer can the tragicomedy continue before the curtain falls?
… Another week, another series of disasters for EDF and it's Hinkley C nuclear power project, … credit rating agency has just downgraded EDF's debt from A1 to 'A2 outlook negative'. … And Hinkley C is an important cause of EDF's sinking down the credit rating charts. …
Given the long list of technical and financial problems afflicting the Hinkley C power plant, writes David Thorpe, the Labour Party's continuing support for the over-priced, highly subsidised project is increasingly paradoxical. Labour must take a fresh look at HPC and the renewable alternatives that can do better at far lower cost.
… - if ever. Bloomberg quoted sources close to EDF as observing that the finance officer was … British governments are putting pressure on EDF to proceed anyway. EDF is 85% owned by the French state. The …
French nuclear parastatal EDF is facing problem after problem - zombie nuclear projects in the UK, Finland, China and France, a fleet of 'beyond the grave' reactors, a dropping share price and its drooping credit rating. But is it really as bad as all that? Jonathon Porritt has exclusive access to the leaked Agenda of its latest board meeting. And the answer is - no. It's even worse.
… EDF's leaked Board Agenda: Zombie nuclear … nuclear zombies.jpg French nuclear parastatal EDF is facing problem after problem - zombie … seriously wouldn't want to be a Director of EDF at the moment. The agenda for an average …
How did BP and EDF ever become the London 2012 Olympics sustainability partners? Mark Gee says he is at a loss to understand
… Olympics Sustainability London 2012 Bp EDF Locog Society Sponsors Politics And … courtesy of Elliot Brown. How did BP and EDF ever become the London 2012 Olympics … responsible for selecting the likes of BP and EDF. Chosen between July 2007 and November …
EDF's unfolding fiasco over the Hinkley C nuclear power station proves that nuclear power can come only at enormous financial cost to consumers and taxpayers, writes Caroline Lucas - and even then, investors are scared off by the risks. The government must get over its nuclear obsession and seize our renewable future.
… Consumerism Renewables westmill-cut.jpg EDF's unfolding fiasco over the Hinkley C … before a crucial board meeting yesterday at EDF (the French state owned energy giant … their concerns. When even staff working for EDF are raising serious doubts about numerous …
EDF has already moved heavy earth moving gear onto the Hinkley C nuclear power station construction site, writes Doug Parr - but that doesn't mean it's a done deal. On the contrary, a host of intractable problems are coming home to roost, and the increasingly troubled project is looking shakier than ever.
… surprise treble whammy - is it all over for EDF? Doug Parr Greenpeace Energydesk | 20th … Politics Finance cameron-hinkley-cut.jpg EDF has already moved heavy earth moving gear … Government in standing behind the companies EDF and Areva who are developing and deploying …
UK support for low-carbon energy technologies is running at £250 million a year, writes Chris Goodall. Yet the government wants to throw four times more, every year for 35 years, at the Hinkley C nuclear power station, that could take almost as long to build as Salisbury Cathedral.
… construction company running the site. EdF's disastrous nuclear gamble There's one … coast and is under the direct control of EdF, the French company behind the proposed … come out almost as frequently. Each time EdF claims rapid progress on the site while …
French energy giant EDF will today give the formal go-ahead for the Hinkley C nuclear power station in Somerset, writes Chris Goodall. But that's no reason for the UK to sign up to a disastrous deal that will cost us over £1 billion per year for 35 years - money that should be used to support the green technologies of the future.
… stop-epr-cut.jpg French energy giant EDF will today give the formal go-ahead for … French parliamentarians produced a report on EdF, the largely state-owned electricity … project "is probably the last opportunity for EdF to restore the reputation of the French …
Danny Chivers, author of the all-new No-Nonsense Guide to Climate Change, gives his verdict on the upcoming RBS-sponsored Climate Week
… Climate Week is too cosy with EDF, RBS and Tesco - join an activist group … of the Royal Bank of Scotland, Tesco and EDF Energy as sponsors for next week’s … standards in farming worldwide; or that EDF operate two of the five biggest coal fired …
On 21st March 2011 George Monbiot stated: "As a result of the disaster at Fukushima, I am no longer nuclear-neutral. I now support the technology." Jonathon Porritt critiques Monbiot's intellectual gymnastics ...
… Point in Somerset. That won't exactly have EDF quaking in their lead-lined boots, but it … Here's what we said to the PM in March 2012: "EDF will not be able to finance new nuclear in … other words, we're all going to be screwed by EDF, who have persuaded the Treasury that the …
The Hinkley Point C nuclear power plant never made sense, writes Jonathon Porritt, but as legal challenges gather, finance fails to materialize, the cost of renewable energy keeps on falling, and the 'dead duck' EPR design is prepared for burial, even nuclear fanatics are turning against the doomed project.
… never get built. A couple of weeks ago, EdF formally confirmed that no decision would … the UK Government will pump into the project. EdF doesn't talk about that, as it still hopes … Coalition Government. We heard last week that EdF is now going to have to deal with another …
Campaign group South-West Against Nuclear want to stop the government's plans for a 'nuclear renaissance' beginning in Hinkley Point in Somerset. Nuclear, activists say, is plagued by problems from beginning to end
… Change Nuclear Hinkley Point Fukushima Decc EDF Carbon 1hinkley point demo sept 2010000_56 … for attempts at a 'nuclear renaissance'. EDF, who are 90 per cent owned by the French … anything but smooth for the Government and EDF's plans. EDF's timetable here in the UK …
The UK's plan to get China to build and finance new nuclear power stations is based on a wish and a prayer, writes Oliver Tickell. There is no reactor design, including new Chinese ones, that we can depend on to fill our impending power generation gap. This time, the last one out won't even have to turn out the lights.
… on to build new reactors in partnership with EDF at Bradwell, Essex, and Sizewell, Suffolk. … be generating power in 2012. According to an EDF statement in early September, it is … Agence France Presse revealed yesterday that EDF has requested to delay completion until …
Theresa May's first big decision as PM was to duck out of a signing ceremony and review the Hinkley C nuclear project. But she will soon have to reach her decision. In this open letter Scientists for Global Responsibility set out six compelling reasons for her to let the whole monstrous white elephant go.
… [4] - to call for HPC to be scrapped. 3. EDF's financial position is too precarious for … deliver the project. The recent downgrade of EDF's credit rating by Standard and Poor's [5] … especially given the latest cost analyses. EDF's net debt is more than €37 billion, and …
The safety assessment for the Hinkley C reactor design has failed, reports Emma Bateman. Faced with 724 unresolved concerns about the EPR design, the UK regulator went ahead and issued the licence anyway.
… being built by Areva, a company which, like EDF, is largely owned by the French State. … cost overruns and delays have dogged the EDF-owned Flamanville reactor which is now … engineering. "However, the fact that EDF, the most experienced nuclear utility in …
Mr Davey. If there is no public subsidy for Hinkley C why are you having to make an application to the Brussels for state aid clearance?
… The most important decision in this issue is EDF’s decision to order the major components … companies will take a minority stake in EDF’s proposed nuclear power station at … there is no money even to build the second EDF station let alone any Chinese stations. …
To explain their desperation to commit an estimated £76 billion of public money to the Hinkley C nuclear project, writes Paul Dorfman, the Treasury and its Chancellor, George Osborne, claim there are other benefits that justify this vast expenditure. So what exactly are they? And do the claims survive critical examination?
… UK Politics Renewables Finance hinkley-c-edf-cut.jpg To explain their desperation to … been written about the plan to build two new EDF reactors at Hinkley Point that you might … of supply problem - since, according to EDF, it's not supposed to come on-line until …
Opponents of nuclear power hold up the planned Hinkley C as an examplar of waste and idiocy that could cost the UK over £30 billion in subsidies. Chris Goodall agrees - and fears that an impending fiasco with the 'unconstructable' and commercially disastrous EPR design may kill off the UK's nuclear aspirations for a generation.
… Nuclear Energy UK Technology hinkley-c-edf--big-cut.jpg Opponents of nuclear power … bill might be higher than £24bn, although EdF, the site owner, still says that its … be built for about an eighth of this price. EdF, the most experienced operator of nuclear …
All the 'main' political parties are backing nuclear power in bold defiance of all the evidence that it's expensive, dangerous and not even low-carbon, writes David Lowry. Even George Osborne just admitted that Hinkley C is 'unaffordable' - but supports it anyway. For a rational nuclear policy, the way is Green.
… Flint pontificated , as if spinning from an EDF Energy briefing sheet, that "nuclear is an … a decent case" in proposing " The deal with EDF on the new nuclear power station at … the order ever being officially placed by EDF - and now it looks like the already …
EDF etc have been offered terms for constructing Hinkley C which are way superior to the terms being currently offered to renewable energy ...
… rate treatment compared to nuclear power? EDF etc have been offered terms for … currently offered to renewable energy ... EDF etc have been offered terms for …
The huge marquee for VIP nuclear guests was already erected at the Hinkley site; champagne was already on ice; VIPs were en route to Somerset to party at the final breakthrough, when hundreds of thousands of contractual pages were due to be authorised with co-signatures of the contracting parties. Suddenly, everything was off. So what really happened asks DAVID LOWRY
… energy resigning, citing no confidence in Edf investment policy) to give the green light for Edf to go ahead with the final investment …
As nuclear projects using the EPR design run into long delays and huge costs overruns, industry hopes are pinned on the Westinghouse AP1000 reactor, writes Chris Goodall. But with eight AP1000 projects around the world going the way of the EPR, is it really a wise choice for the UK's Moorside nuclear site?
… energy suppliers in Germany and Austria , EDF still wants to construct Hinkley C using … site, and even for Hinkley C should the EDF / Areva consortium withdraw. An uncritical …