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 …
France's energy minister Ségolène Royal has backed union demands for the EDF's Hinkley C project in Somerset to be re-examined, write Angelique Chrisafis & Chris Johnston - adding that the project must not go ahead if it would 'dry out' funds needed for EDF's renewable energy program.
… Royal has backed union demands for the EDF's Hinkley C project in Somerset to be … ahead if it would 'dry out' funds needed for EDF's renewable energy program. The French … nuclear power once. Her comments fit in with EDF's broader strategy to become a global …
As the European Commission considers the £100 billion subsidy package the UK has offered EDF to build and operate Hinkley C nuclear power station, Paul Dorfman explains why the 'deal' is illegal, anti-renewables, and ruinous to energy users and tax payers.
… billion subsidy package the UK has offered EDF to build and operate Hinkley C nuclear … State Aid investigation into the two planned EDF nuclear reactors at Hinkley Point C will … can be up and running well before then. EDF has said that it will apply for life …
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 …
The economic impacts of the Brexit vote will very soon make themselves felt to British consumers, writes Chris Goodall - kicking off with higher fuel bills and pump prices. The good news is that nuclear power is now looking increasingly unaffordable. But renewables and green energy research are also likely to suffer, especially if under a right-wing Brexit government.
… outside the UK will be 16% more expensive. EdF has indicated in the past that "up to 57%" … Hinkley generates will be no more valuable to EdF than before. The strike price of £92.50 a … So the prospective financial return to EdF and the Chinese shareholders has fallen …
The French government is championing energy giants EDF and Areva as they try to build their nuclear businesses around the world
… government is championing energy giants EDF and Areva as they try to build their … power provider, Électricité de France (EDF), and nuclear plant builder, Areva, as … to build their businesses around the world. EDF is at the centre of plans to build new …
The Hinkley deal is a disastrous one for the UK, its taxpayers and energy users, writes Oliver Tickell. We will be locked into a punitively high electricity price, index-linked, from 2025 until 2060, and the cumulative cost of this one nuclear power station will be well in excess of £100 billion, or around £1 billion per year in today's money.
… to the Government, the 'deal' announced with EDF and Chinese nuclear companies to build a … public subsidy. The 'strike price' offered to EDF is a subsidy in all but name. And it's … of the kind that struck Fukushima. EDF will only be liable for the first €1.2 …
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 …
Just six energy companies EDF, E.ON, Centrica, SSE, Scottish Power and npower control 99 per cent of our domestic energy market but show only minor interest in renewables
… Power plyon.jpg Just six energy companies EDF, E.ON, Centrica, SSE, Scottish Power and … in renewables Huge profits announced by EDF and Centrica recently have sparked further … its future energy policy to companies such as EDF and British Gas/Centrica, who have been …
Nuclear power is suffering one of its worst ever years, writes JIM GREEN. Even nuclear enthusiasts agree that the industry is in crisis. The bankruptcy filing by US nuclear giant Westinghouse has sent a cold chill through the industry which elsewhere, is suffering from crippling economic problems, successful legal challenges, and public opposition
… " worst situation ever " according to former EDF director Gérard Magnin. France has 58 … years exceeded €10 billion . In February, EDF released its financial figures for 2016: earnings and income fell and EDF's debt remained steady at €37.4 billion. …
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 …
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 …
The Stop Sizewell C campaign group warns nuclear is costly, diverts investment from green energy sources such as renewables and damages tourism and nature.
… Renewables Chernobyl _86099130_coverimageedfbetterquality.jpg The Stop Sizewell C … in the area. Read: Sizewell B and 27 other EDF nuclear plants 'at risk of catastrophic … and wading birds, the wildlife charity said. EDF claims its proposed new nuclear plant …
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 …
The government's surprise delay in signing the contract with EDF to build the Hinkley C nuclear power station has opened up a the space for a forward-looking UK energy policy, writes Jonathon Porritt - one that moves us into the world of low cost renewables, and smart new technologies vital to the global clean energy transition. But is Business & Energy Greg Clark for real? Don't rule it out!
… surprise delay in signing the contract with EDF to build the Hinkley C nuclear power … - and at least 50% of key decision-makers in EdF itself! 2. Security These days, security … that have been 'bubbling under' ever since EdF realised it couldn't deliver the project …
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 …
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 …
Today's announcement of a £2 billion government guarantee for Hinkley C confirms that Chancellor George Osborne and his Treasury cannot be trusted to run the UK's energy policy - which is precisely what they are doing. On top of decimating the renewables industry, now they're risking billions on a failed nuclear design owned by failing companies. It's time to stop the madness.
… a final investment decision by energy company EDF, supported by China General Nuclear … risk should the EPR reactor design planned by EDF for Hinkley C not work. "I'm not bearing … the agreement between the UK government and EDF includes a total of £17 billion of …
With Japan's nuclear catastrophe still far from resolved, Dr Paul Dorfman argues why nuclear remains 'economically unreliable' and why it will be the taxpayer who ends up being liable as well as facing all the risks
… the French nuclear utility Chief Executive of EdF Vincent de Rivaz is still clear that new … Energy’s plant, which are now owned by EDF, and their decommissioning liability, …
Ofgem's attempts to help consumers identify which electricity suppliers are really 'green' might lead to confusion, says energy watchdog
… said. A number of suppliers, including E.On, EDF Energy, and Good Energy have backed the … simple to verify.' Vince said suppliers like EDF Energy and E.On were more interested in …
On the face of it, the UK's policy to pursue nuclear power at all costs, while destroying the renewable energy sector, is totally illogical, write Philip Johnstone & Andy Stirling. But then it may make perfect sense - if only you accept that it's really all about maintaining the country's role as a nuclear weapons state for generations to come. And the 'deep state' has a way of getting its way.
… Change, Amber Rudd and the chief executive of EDF, Vincent de Rivaz, manage to keep straight … everybody. The French state-owned energy firm EDF is due to partner with the Chinese under …
This week Chancellor George Osborne told Parliament that the power from the planned Hinkley C nuclear plant would be cheaper than onshore wind, writes Doug Parr. That could be true on Planet Zog - but here on Earth the reverse is the case. Exactly what are Osborne and his Treasury mandarins smoking?
… UK taxpayers "don't bear the risk - it's for EDF and its shareholders" and later that UK is … bearing all of the risk - some does lie with EDF through it's subsdiary New Nuclear Power … may well be higher. Still, bear in mind that EDF said last week that Hinkley C won't be …
As flagship nuclear projects run into long delays and huge cost overruns, solar and wind power are falling in price, writes David Elliott. Renewables already supply twice as much power as nuclear. It's just too bad the nuclear-fixated UK government hasn't noticed.
… financial woes of French developers Areva and EDF may mean that their £24 billion 3.4 GW … we have our large nuclear programme, with EDF one of the main backers. It can't build …
At first it looked like a journalistic coup, writes Neil Crumpton - the BBC's 'scoop' that FOE was no longer opposed to nuclear power. Except that FOE remains firmly anti-nuclear as it has been for decades. The spotlight must now be turned on the BBC itself, and its little-known but shocking links to the nuclear industry
… media organisation are paid advisers to EdF: acting chair Diane Coyle and ex Chair … Is it possible that the BBC Trust's links to EdF have effects down the ranks of the … or the month's long safety shut-downs at EdF's Heysham and Hartlepool nuclear reactors …