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Hinkley

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EDF finance chief departure sparks UK energy debate

The Government’s energy policies are coming under increasing criticism after the chief financial officer of power giant EDF resigned, casting fresh speculation over its plans to build a new nuclear power station at Hinkley.

Opinion

Opinion: Nuclear deal is poor replacement for ‘ravaged’ renewables industry

The Government has been relentlessly strangling the UK’s green energy sector, arguing that this is all part of their campaign to reduce energy bills for consumers. Now, not only are we risking inflating our energy bills in the future, but we are also at risk of handing control of our future energy security to China.

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For nuclear’s cost, UK could have six times the wind capacity

Britain could have six times the power- generation capacity for the same money by investing in wind turbines instead of the 24.5 billion-pound ($37.9 billion) Hinkley Point nuclear reactor. That’s the conclusion of Bloomberg New Energy Finance, a London-based researcher that estimates the cost of power from renewables in the U.K. are rivaling fossil fuels even without subsidy. Wind easily beats the more expensive nuclear plant that Electricite de France SA is building with the support of investment from China. The findings highlights the trade-offs Prime Minister David Cameron weighed in his decision to support EDF’s bid to build the first new reactors in the UK in more than two decades. In backing nuclear and maneuvering to draw Chinese funds in a deal due on Wednesday, Cameron prioritized reliability of supply and the impact on rural landscapes over cost.

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Protesters set up camp near proposed Hinkley nuclear power station

Campaigners have set up a protest camp near the site of the proposed Hinkley Point C nuclear power station. They have established a camp on a roundabout at the gates of the development in west Somerset as the president of China, Xi Jinping, arrives for a four-day state visit to the UK.

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EDF hopes to announce deal with Chinese investors in coming days for Hinkley Point

EDF said its hopes to announce a deal with Chinese investors to build a nuclear plant at Hinkley Point in the coming days. The French company’s chief executive Jean Bernard Levy said it was in the final negotiations with its Chinese partners. However he said he did not want to anticipate what would happen later this week as China’s President Xi Jingping to Britain.

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Chinese investment in UK nuclear power ‘could pose security risk’

Experts have expressed concern about the prospect of Chinese investment in the UK nuclear power sector, with claims the move could threaten national security. A final investment decision on the new nuclear plant at Hinkley Point, Somerset, could be announced during Chinese president Xi Jinping’s state visit. Chancellor George Osborne has already announced a £2 billion Government guarantee to secure Chinese funding for the Hinkley Point C nuclear power station set to be built by French firm EDF, and indicated that the next step may be a Chinese-designed, Chinese-built nuclear plant at Bradwell in Essex.

Other News

Hinkley C nuclear project ‘one of worst deals ever’

A Conservative former energy secretary has insisted the “elephantine” Hinkley C nuclear project is “one of the worst deals ever” for British consumers and industry. Lord Howell of Guildford told peers he would “shed no tears” if the multi-billion pound development in Somerset by French giant EDF Energy was abandoned in favour of smaller nuclear plants at a later date. He warned no reactor of the kind planned for Hinkley C has “ever been completed successfully”.