France’s nuclear socialism – a nightmare, not a miracle
Unlike computers, solar panels, wind turbines and most other high tech projects, nuclear power plants and projects don’t go down in price over time. Instead, the costs escalate, and that’s a recipe for a disaster,
Time to End Nuclear Socialism, Says New Study, Greentech Media, 10 Sept 10, A nuclear plant will cost $7,000 to $10,000 per kilowatt, says Mark Cooper of the University of Vermont. That’s more than wind, solar, storage and other renewables—and the price tag will continue to climb. It shouldn’t be called the French Nuclear Miracle, says Mark Cooper. It’s more like a recurring nightmare. Continue reading
Election battle looms over Merkel’s plan to extend nuclear power in Germany
Opposition parties and environmentalists have vowed to fight the planned extension in the lifetime of Germany’s 17 nuclear reactors….the opposition has vowed to challenge this in Germany’s highest court…..Even if the extension becomes law, the opposition Social Democrats (SPD), co-authors with the Greens of 2000’s decision to exit nuclear power, said they will reverse Merkel’s changes if they return to power.
Merkel sets stage for nuclear power battle, Google hosted news, By Simon Sturdee (AFP) – 7 Sept 10, BERLIN — Chancellor Angela Merkel on Monday hailed government proposals to postpone Germany’s exit from nuclear power as a “revolution,” setting up what one opposition MP called a “fiery autumn” of protests……. Continue reading
First step for France to turn from nuclear to renewable energy
this may help chart a new developmental roadmap for the French energy industry, which has until now focused primarily on nuclear energy.
French government to tap potential for renewable energy, istockanalyst.com, 6 Sept 10, France has unveiled a new renewable energy investment program which will see its government provide E1.35 billion to support the development of cutting-edge clean energy technologies. Continue reading
More delays, more costs, with AREVA’s new reactor in France
EDF was asked for modifications of the control platform on the reactor, which is delayed and will cost more than expected.
French Nuclear Watchdog Says EDF Has Problems With Flamanville EPR Liner – Bloomberg, By Tara Patel – Aug 30, 2010 Electricite de France SA, Europe’s biggest power producer, experienced renewed problems with welding quality at the EPR nuclear reactor being built in Normandy, according France’s nuclear safety agency. Continue reading
France’s dubious dream of global nuclear power empire
France’s recent nuclear record is so ragged, it may struggle to win orders whatever the ownership structure. A new generation nuclear-power station being build by French state-owned reactor maker Areva in Finland is years behind schedule and nearly 80% over budget. A new EDF plant in France using the same Areva technology is also behind schedule……
France’s Tricky Nuclear Fusion, – WSJ.com, Matthew Curtin, AUGUST 3, 2010 “…..President Nicolas Sarkozy wants to create a French nuclear powerhouse. France believes 250 nuclear power stations will be built worldwide over the next 20 years, requiring total investment of $1 trillion or more. But dominating this market may be harder than Mr. Sarkozy thinks. Continue reading
France shows the way to nuclear financial meltdown
Last week, AREVA posted a massive operating loss of 485 million euros for the first half of 2010…..Electricite de France (EDF) finds itself in a similar predicament. In the first half of 2010, the company saw its profits slashed by almost half.
France leads the way in the nuclear debacle Greenpeace International, by jmckeati – August 2, 2010 If you want to know why the so-called nuclear ‘renaissance’ is never going to happen, you need only look at the news that’s been coming out of France in the last few days. Continue reading
French nuclear firm EDF’s financial woes
“The U.S. provision is bad news,”…… Results were also hurt by “poor availability” of nuclear reactors in France and the U.K……EDF has expanded in Europe, China and the U.S., driving up debt,
EDF Net Income Tumbles 47% After Outlook Dims for Nuclear Project in U.S. – Bloomberg, By Tara Patel – Jul 30, 2010 Electricite de France SA, Europe’s biggest power generator, reported a 47 percent drop in first- half profit on a charge linked to the development of a nuclear reactor in the U.S. and the outlook for low power prices there. Continue reading
French govt tries to settle nuclear power companies’ brawl
“Knives are out, the fight is far from being over,” a person familiar with the matter told Dow Jones Newswires.
‘Knives Are Out’ in French Nuclear Spat – WSJ By Geraldine Amiel, July 28, 2010 The French government Tuesday announced a far-reaching alliance between state-controlled utility Electricite de France and state nuclear engineering group Areva, that makes EDF Chairman and Chief Executive Henri Proglio the country’s undisputed nuclear team leader. Continue reading
EDF takeover in France’s nuclear empire?
it has ambitions to dominate the global market, building its latest-generation EPR reactor around the world and introducing it next-generation reactor ATMEA.
French Govt: EDF, Areva In Strategic Nuclear Partnership – WSJ.com-By A.H. Mooradian and Geraldine Amiel, Dow Jones Newswires;PARIS 27 July 2010, –The French government Tuesday announced a far-reaching alliance between State-controlled utility giant Electricite de France (EDF.FR) and State nuclear engineering group Areva SA (CEI.FR), Continue reading
Safety problems add to costs, overruns, in AREVA’s new nuclear plants
Areva, the state-controlled French nuclear engineering company, is already battling construction delays and cost overruns at both Flamanville and Olkiluoto, in Finland, where it is building the first of its EPR plants.
Safety Fears Raised at French Reactor, NYTimes.com, By PATRICIA BRETT July 26, 2010, PARIS — Anti-nuclear activists are seeking to halt construction of France’s latest-generation nuclear power plant at Flamanville, on the Normandy coast, arguing that changes introduced to solve problems with the reactor’s fuel pellet cladding have invalidated the plant’s original building permit. Continue reading
Control rods, cladding, MOX fuel – unsafety of AREVA’s new nuclear reactors
EDF engineers had concluded by 2007 that the entire core of the reactor should be reconfigured.
Safety Fears Raised at French Reactor, NYTimes.com, By PATRICIA BRETT July 26, 2010 “……….among the leaked documents, one dated February 2007 — just before the construction of the Flamanville plant was approved — reported that technical studies by EDF had shown that the EPR’s original core design had failed to meet safety criteria for a control rod ejection accident at high power Continue reading
France admits to Tritium health risks from nuclear facilities
Tritium – Government nuclear authority admits tritium health risks could be underestimated, Beyond Nuclear, 24 July 2010, – The risks of tritium, a radioactive form of hydrogen, could be underestimated because it could bind to DNA, recognizes the French Nuclear Safety Authority (ASN) in a recent white paper. In light of this possibility, the ASN wants new investigation into hereditary effects from tritium exposure, better monitoring and more restriction of tritium releases from nuclear facilities. Reported in Le Monde.
AREVA’s Olkiluoto nuclear reactor a total financial disater
“It’s a total disaster for Areva,” Schneider says. Areva will have to sell another 12 reactors to cover the cost overruns thus far or else French taxpayers will,”
Nuclear Energy Steals Billions from Other Technologies « Stephen Leahy, International Environmental Journalist, w2w0 July 2010, “…..The other reason is the French.France gets about 77 percent of its power from 58 reactors and is often cited as the model for other countries. “France is a special case. The entire industry is 85 percent owned by the government,” says Mycle Schneider, a Paris-based energy and nuclear policy analyst.
The industry gets direct and indirect subsidies, government loans and loan guarantees “on practically anything they want”, Schneider told IPS. Continue reading
AREVA’s financial problems with new nuclear reactors
Finnish delays headache for French nuclear firm PARIS (AFP) 28 June 2010, – Standard & Poor’s said on Monday it had lowered its rating on French nuclear group Areva by two notches because of delays to the construction of a reactor in Finland.The agency downgraded Areva to BBB+/A-2 from A/A-1, citing the company’s announcement of an additional provision of 400 million euros (493 million dollars) for the Finnish European Pressurised Reactor project…… Continue reading
Nuclear company AREVA venturing into renewables
(Can we trust AREVA to really promote renewable energy? – Christina Macpherson)
Areva’s strength is nuclear power–it is the world’s biggest nuclear company–but it is venturing into other carbon-free
generation technologies.
Solar Thermal or Solar Photovoltaic? Areva Says ‘Both!’ – Forbes.com, 26 June 2010, Anne Lauvergeon, chief executive of the French nuclear giant Areva, hinted last week during a meeting in Forbes offices that Areva is developing a hybrid solar power plant concept that combines a solar thermal system with solar photovoltaic (PV) panels. Continue reading
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