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France's nuclear industry giants - EDF, Framatome and Orano - have each reported improved results for 2023, compared with 2022, and expect continued growth in 2024, partly due to France's plan to build new reactors.
- Source: World Nuclear News
- Date: Saturday, 17 February 2024
- Original article: world-nuclear-news.org/Articles/Improved-fortunes-for-French-nuclear-sector
The UK is to invest GBP679 million (USD815 million) and become a 50% partner with EDF in the Sizewell C nuclear project. The money "allows for China General Nuclear's exit from the project, including buy-out costs, any tax due and commercial arrangements".
- Source: World Nuclear News
- Date: Wednesday, 30 November 2022
- Original article: world-nuclear-news.org/Articles/UK-government-takes-50-stake,-gives-go-ahead-for-S
The UK government is in discussions regarding proposals for a new nuclear power plant at Wylfa on Anglesey, British Prime Minister Boris Johnson confirmed on 2 October in an interview with BBC Wales. He said previous governments in the country "have refused to take the tough decisions on nuclear for too long." Meanwhile, EDF Energy has called for the government to make prompt decisions regarding the Sizewell C project.
- Source: World Nuclear News
- Date: Tuesday, 05 October 2021
- Original article: world-nuclear-news.org/Articles/UK-needs-new-nuclear,-says-Prime-Minister
UK-based Horizon Nuclear Power announced that it will cease its activities to develop nuclear new-build projects at Wylfa Newydd on Anglesey and at Oldbury on Severn in South Gloucestershire. This followed the decision by Horizon’s parent company, Japan’s Hitachi Ltd, it would end business operations on the UK NPP construction project, which was suspended in January 2019.
- Source: NEI Magazine
- Date: Friday, 18 September 2020
- Original article: neimagazine.com/news/newshorizon-to-cease-activities-on-uk-nuclear-projects-8136080
Hitachi announced today it will end its business operations on the Wylfa Newydd nuclear power plant construction project, which it had suspended in January 2019 "because it was clear that further time was needed to decide on a financing structure". Horizon Nuclear Power, the UK project developer that Hitachi acquired in November 2012, said it will now take steps for the "orderly closing down" of all its current development activities, but will "keep the lines of communication open" with government and other key stakeholders regarding future options at both its sites, which in addition to Wylfa Newydd on Anglesey, include Oldbury on Severn in South Gloucestershire.
- Source: World Nuclear News
- Date: Thursday, 17 September 2020
- Original article: world-nuclear-news.org/Articles/Hitachi-withdraws-from-UK-new-build-project
Policymakers need to understand that the system costs of variable renewable energy (VRE) necessitate the inclusion of nuclear and hydro as the primary dispatchable low-carbon generation options within a clean electricity mix. Representatives of the International Energy Agency (IEA) and the OECD Nuclear Energy Agency (NEA) told delegates at World Nuclear Association Symposium 2019 in London last week that the issue of system costs was no longer a novelty, but an increasingly important topic in the fight against climate change.
- Source: World Nuclear News
- Date: Monday, 09 September 2019
- Original article: world-nuclear-news.org/Articles/System-costs-prove-need-for-nuclear-in-clean-power
Boris Johnson expressed his "passionate" support for nuclear power when he addressed the House of Commons for the first time as UK prime minister yesterday. Seven of the country’s eight existing nuclear plants are set to be retired by 2030, while new-build projects have faced financial uncertainty over the last two years.
- Source: World Nuclear News
- Date: Friday, 26 July 2019
- Original article: world-nuclear-news.org/Articles/UKs-new-premier-promises-boost-for-nuclear-power
The UK has opened for consultation its assessment of a new financing model aimed at reducing the cost of new nuclear power plant projects by having consumers pay upfront through their energy bills. A solution is needed urgently because nuclear energy is seen as a vital part of the government's commitment to cutting the country's carbon emissions to net zero by 2050. Seven of the UK’s eight existing nuclear plants are set to be retired by 2030.
- Source: World Nuclear News
- Date: Tuesday, 23 July 2019
- Original article: world-nuclear-news.org/Articles/UK-considers-Regulated-Asset-Base-model-to-finance
The UK has opened for consultation its assessment of a new financing model aimed at reducing the cost of new nuclear power plant projects by having consumers pay upfront through their energy bills. A solution is needed urgently because nuclear energy is seen as a vital part of the government's commitment to cutting the country's carbon emissions to net zero by 2050. Seven of the UK’s eight existing nuclear plants are set to be retired by 2030.
- Source: World Nuclear News
- Date: Tuesday, 23 July 2019
- Original article: world-nuclear-news.org/Articles/UK-considers-Regulated-Asset-Base-model-to-finance
The Department for Business, Energy & Industrial Strategy (BEIS) has launched a consultation until 14 September on draft regulations that aim to enable a domestic nuclear safeguards regime following the UK's withdrawal from the European Atomic Energy Community (Euratom) as part of its departure from the European Union.
- Source: World Nuclear News
- Date: Thursday, 12 July 2018
- Original article: world-nuclear-news.org/Articles/UK-s-post-Brexit-nuclear-plans-face-scrutiny