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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
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
Japan’s Toshiba Corp’s US nuclear subsidiary, Westinghouse Electric, filed for Chapter 11 bankruptcy in New York court. Westinghouse listed $10bn each in assets and liabilities in its filing in US Bankruptcy Court for the Southern District of New York.
- Source: NEI Magazine
- Date: Wednesday, 29 March 2017
- Original article: neimagazine.com/news/newswestinghouse-files-for-bankruptcy-5773901
The UK intends to leave the European Atomic Energy Community (Euratom), according to explanatory notes to a bill the government published yesterday authorising Brexit. The notes state the bill empowers the prime minister to leave both the European Union and Euratom.
- Source: World Nuclear News
- Date: Friday, 27 January 2017
- Original article: world-nuclear-news.org/Articles/UK-nuclear-industry-faces-prospect-of-Euratom-exit