Sunday, April 8, 2012

Germany out; Russian in on Brit nukes?

With a German company backing out of a two-plant nuclear energy project in Britain, it appears that the Russians might be willing to step in.  Sounds like a reasonable business move to me.

Russia looks to nuclear power expansion in the UK

Kommersant daily reports Rosatom has long been interested in the U.K. nuclear industry, but this opportunity came up as two German companies, RWE and EON, said they are willing to sell their share in the project.
The Horizon project involves the building of two nuclear stations in Wales and in Gloucestershire. They are set to replace two old plants due to be decommissioned in 2012 and in 2014.
Britain is moving forward with nuclear to meet their energy needs and for climate concerns.  We could learn a lot from their foresight.

Though German energy companies promised to find buyers for Horizon as soon as possible, their decision has already raised concerns about the UK reform of the electricity market that includes building up to 12 new generation reactors. The country is set to cut 12 GW or 13% of its installed coal generating capacity in 2015 and a further 7GW of nuclear capacity by 2020 in order to reduce greenhouse gas emission.
 I'll have to investigate that last part - why would they cut nuclear capacity to reduce greenhouse gas emissions?

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