Green Economy nuclear reactor uk

Published on March 30th, 2012 | by Zachary Shahan


More Nuclear Power Plans Trashed

March 30th, 2012 by  

After a spurt of nuclear news in the past week, we’ve got yet another story on the industry’s exit from the world energy stage — E.ON and RWE (German energy companies) announced yesterday that they are pulling out of a joint venture that would build a new nuclear power plant in the UK. Here are more details from AFP:

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About the Author

is tryin' to help society help itself (and other species) one letter at a time. He spends most of his time here on CleanTechnica as its director and chief editor. Otherwise, he's probably enthusiastically fulfilling his duties as the director/editor of EV Obsession, Gas2, Solar Love, Planetsave, or Bikocity; or as president of Important Media. Zach is recognized globally as a solar energy, electric car, energy storage, and wind energy expert. If you would like him to speak at a related conference or event, connect with him via social media: Zach has long-term investments in TSLA, SCTY, FSLR, SPWR, SEDG, & ABB. After years of covering solar and EVs, he simply has a lot of faith in these companies and feels like they are good companies to invest in.

  • Bob_Wallace

    If you’re interested in the economics of nuclear you might want to read this….

    It’s written for people who might be thinking of investing in new nuclear. I think it does an excellent job of laying out the arguments and backs them up with many references.

  • ThomasGerke

    It’s fascinating how the statements echoed in the UK Press slightly differ from the statements made by E.Ons CEO in the German press:

    “We’ve come to the conclusion that investments in decentralized renewable energy sources & energy efficency are more attractive for us & the british customers”


    • Bob_Wallace

      It’s kind of like facts in one country are also facts in another country….

    • Yeah, I got the impression there was good effort to hide every anti-nuke/pro-decentralized energy they could.

      • ThomasGerke

        Especially since E.On complained about the expansion of renewables endangering the profitability of new nuclear power plants in the UK back in 2010.

        This “warning” to the british government made quite some headlines in Germany, where the govenrment was pushing a lifetime extension for nuclear power stations and the Lobby pushing articles about how cheap nuclear truely is at the very same time.

    • Matt

      “E.ON wanted to focus on other more short-term strategic projects that delivered quicker benefits.”
      Or said another way
      Nuclear is too big a risk, there are smart ways to make energy and money.

      • And that’s the story, morning glory. 😀

        (Businesses aren’t going to throw their money down the drain forever.)

        • ThomasGerke

          When they did throw money down the drain, it was usually not their money…

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