A number of major players in the European nuclear power industry have written an open letter to the EU, calling on the bloc to unify its nuclear policies to encourage greater investment in the sector, with nuclear power set to play a key role in the EU’s energy mix post-Covid 19. According to figures from the World Nuclear Association, the EU relied on nuclear power for 26% of its energy as of February of this year, a number comparable to that of renewable power, which contributed 28% of the bloc’s electricity. As the largest energy importer in the world, bringing in 55% of its energy at an annual cost of up to $390bn, supporters of nuclear power have long campaigned for a greater reliance on nuclear within the EU. In particular, there has been a call for it to be awarded the same benefits and privileges as renewable power, considering the lack of harmful emissions produced in both energy systems and their comparable contributions to the EU’s energy mix. Indeed, last year, the European Council, the policy-making branch of the EU, ruled that nuclear power is eligible for an EU scheme to fund new sources of green power, and despite controversy, the ruling has emboldened the European nuclear sector to push for greater legal concessions.
Power Technology 4th June 2020 read more »