UK Energy Policy is at a tipping point. Following the withdrawal of two Japanese giants – Toshiba and Hitachi – from nuclear projects at Moorside in Cumbria and Wylfa on Anglesey – it is now clearer than ever that it would be cheaper to build new renewable capacity rather than continue building Hinkley Point C. It’s now time to cut our losses and abandon the Hinkley Point C project altogether. Even Business Secretary, Greg Clark has recognised that “The cost of renewable technologies such as offshore wind has fallen dramatically, to the point where they now require very little public subsidy and will soon require none.” And the cost reductions for offshore wind are far from over. Stop Hinkley spokesperson Roy Pumfrey said: “It is time to scrap the welfare scheme for the dying nuclear industry called Hinkley Point C. Business Secretary Greg Clark has virtually admitted that nuclear power is past its sell-by-date. If Hitachi can’t make a profit with ‘significant and generous’ financial support from the Government, – its share price went up by 10% when Wylfa was suspended – and even EDF is getting cold feet despite the prospect of a £50bn bung from consumers – it must be time to get out of nuclear, cancel Hinkley and stop coming up with new ways of fleecing taxpayers and consumers to fund new reactors.”
Stop Hinkley 29th Jan 2019 read more »
Balfour Beatty has been appointed to deliver the £214m north and south 400 kV overhead line project on behalf of National Grid at Hinkley Point C.
Construction News 29th Jan 2019 read more »
Energy Live News 29th Jan 2019 read more »