nuclear-news

Global trend towards bankruptcy for the nuclear industry

Here is yet another reason why Solar (of all flavors) is starting to look better and better: ‘Nuclear power is risky and unprofitable’ Mycle Schneider, an expert on nuclear energy, expects bankruptcy in the nuclear industry and “substantial security risks.”

http://www.dw.de/nuclear-power-is-risky-and-unprofitable/a-18299318

DW: Mycle Schneider, every year you publish the World Nuclear Industry Status Report. What are the global trends?

The production costs for nuclear energy have increased over the last couple of years. It’s a dramatic development as the costs of all the other technologies, especially renewable energies, are decreasing. Renewable energies are, therefore, now in real competition. Furthermore, power demand in Europe is shrinking, and for operators of nuclear power stations, these are real problems.

So if nuclear power isn’t economically viable, why then are some governments – such as the British government – planning to build new nuclear power stations?

Energie- und Atomexperte Mycle Schneider

Sees nuclear power as too risky and expensive: Mycle Schneider, expert on nuclear energy.

For years, the British government has counted on nuclear power and not put forward a reasonable energy policy. Well, nuclear energy has become more expensive now but other, more intelligent scenarios have not been developed. It’s also not certain yet, whether or not the new Hinkley Point nuclear power plant will be built as planned. There are no signed contracts yet. But the estimated cost to generate power from these plants is about twice as high as the average price of electricity today.

December 18, 2015 - Posted by Christina Macpherson | 2 WORLD, business and costs