Bloomberg: Nuclear revival dying in Europe — “The future of nuclear energy in Europe looks very dim indeed” says consultant — “Simply too risky”

Published: February 14th, 2013 at 12:27 am ET
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Title: Nuclear Revival Dying in Europe as Power Prices Slump: Energy
Source: Bloomberg News
Author: Ladka Bauerova
Date: February 13, 2013

[...] “The future of nuclear energy in Europe looks very dim indeed,” said Mycle Schneider, an independent consultant on energy and nuclear power based in Paris. “Nuclear is too capital intensive, too time-consuming and simply too risky.” [...]

The [Fukushima] catastrophe led Germany to set in motion the closure of all its reactors, while Italy and Switzerland dropped building plans. Projects already under way in France and Finland have suffered delays and cost overruns. The Czech Republic and the U.K. were seen as the the two European countries with the strongest commitment to new nuclear plants. Now projects in both countries are in doubt.

[...] increased technical scrutiny after Fukushima has raised the cost of new reactors.

[...] Romania is struggling to find investors for its Cernavoda plant. [...] Bulgaria has been unable to lure more investors to its aborted Belene project, estimated to cost at least 6.3 billion euros. The Lithuanian government is reviewing the plan to build a new 1,350 megawatt reactor in Visaginas, which was rejected by voters [...]

See also: "Probable Game-Changer": Special issue of Bulletin of Atomic Scientists shows EXIT from nuclear power brings economic and environmental benefits -- 'Startling' findings

Published: February 14th, 2013 at 12:27 am ET
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11 comments

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