Daily News Roundup

25 August 2016

Hinkley

Whitehall officials reviewing the massive Hinkley Point nuclear project are exploring how the UK might withdraw from the deal while minimising financial risk and damage to international relations, it has been claimed. Westminster sources told The Independent civil servants are looking to see if there is any loophole, clause or issue in contracts yet to be signed that allow the Government to pull back without huge loss and while also saving face. Ministers are acutely aware of the potential damage …

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24 August 2016

Hinkley

Dong Energy, the world’s leading developer of offshore wind energy, says it is ready to offer the UK more offshore wind power should prime minister Theresa May scrap construction of a nuclear plant. Although there is no suggestion yet that the nuclear plans might be scrapped, the programme was thrown into fresh uncertainty by the UK government’s recent announcement that it would “review” the project. “We would be able to further accelerate and expand the build out of offshore wind …

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23 August 2016

Hinkley

For a brief moment last month, it looked like the Somerset coast was destined to become the home of the most expensive object in the world — Hinkley Point nuclear plant. But after a last minute intervention by Prime Minister Theresa May, the government’s nuclear ambitions were suddenly put on hold. In the run up to the decision, Hinkley was almost unanimously condemned by the British press. So in case you missed it at the time, here’s a quick look …

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22 August 2016

Nuclear Industry

Theresa May revealed herself as an even more enthusiastic proselytiser for fracking than David Cameron. This seems so bizarre that it tells me one of two things: 1. She’s already decided against Hinkley Point, and is now so seriously worried about ‘the lights going out’ in the next decade that she’s ramping up the fracking hype to cover (notionally!) some of the gap in supply that opens up without Hinkley Point. 2. She’s as woefully ill-informed about energy policy …

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21 August 2016

Hinkley

EDF will make a positive return on its proposed £12bn investment in Hinkley Point even if the nuclear plant is completed four years late and 25pc over budget, leading analysts have said. The assessment of the controversial project by experts at Barclays was seized upon by critics as fresh evidence that the subsidy deal offered to EDF by the UK Government is too generous. The new analysis from Barclays suggests the market is underestimating the benefits to EDF of the …

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20 August 2016

Hinkley

Contracts worth £250m for the proposed Hinkley C power station have been announced but a campaign group claims the deals are “jumping the gun”. EDF Energy has made the deals despite the UK government reviewing the plans and not yet giving final approval for the nuclear plant. The French firm said it was “highly positive” the plant would be built. Those opposed to the nuclear build said EDF was attempting to “twist” the arm of the government. Earlier this month …

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19 August 2016

Hinkley

The Institute of Directors (IoD) has backed Theresa May’s decision to review the £18.5bn Hinkley nuclear scheme but launched a savage attack on successive government policies for failing to deliver energy security. The traditionally conservative employers group also released an opinion poll showing three-quarters of its members supported action to counter climate change with strong backing for solar, wind, and even tidal power. Only 9% of the 1,000 bosses “strongly agreed” that the proposed new reactors at Hinkley Point C …

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18 August 2016

Hinkley

Energy giant EDF is confident the multi-billion Hinkley Point project, on which thousands of South West jobs depend, will go ahead, despite the Government’s eleventh hour review. This week saw the opening of what the company calls its Command Development Centre in Bridgewater House at Counterslip, Bristol, that will be home to 750 staff, overseeing the logistics of a £18billion build, from everything to laundry on site to factoring fuel rods. Commercial director Ken Owens said the number of new …

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17 August 2016

The District Heating & Green Gas Alternative to Hinkley

Several recent renewable proposals illustrate how we can avoid building a new nuclear power station at Hinkley Point. Dong Energy for instance suggests building more offshore wind farms backed up with biomass or gas-fired plants. (1) Lightsource says solar PV could match the output of Hinkley within just two years. (2) Forum for the Future says we could get 20 GW of new capacity from farm-based renewables by 2020. (3) But Theresa May’s delay in giving final approval to Hinkley …

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17 August 2016

Hinkley

The UK does not need EDF’s proposed Hinkley Point new nuclear plant as it has plenty of alternative options for keeping the lights on, rival energy giant SSE has said. The importance of the £18bn project for the UK’s energy needs “has been repeatedly overplayed”, Alistair Phillips-Davies, SSE chief executive said, insisting offshore wind and gas plants could fill the gap if Hinkley was scrapped.

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