Hinkley: It all hinges on Flamanville
The UK government has a possible way out of the controversial financial support deal for the proposed nuclear project at Hinkley Point.
According to The Sunday Times, EDF’s troubled reactor at Flamanville must complete its ‘trial operation period’ by 2020 for the Treasury’s multibillion pound loan to go through.
Flamanville, as we covered earlier this year, is at the centre of a faulty parts crisis that has enveloped much of the French nuclear industry, and the Sunday Times claims EDF could well miss its 2020 deadline if it is forced to dismantle the reactor.
Meanwhile the Crown Estate has gone to bat for offshore wind, pitching it as a viable alternative to Hinkley – although it doesn’t actually call for the new nuclear project to be ditched.
This comes a few weeks after an Energydesk analysis found offshore wind to be cost-competitive with Hinkley, even account for intermittency costs.
Renewables: New stats underline green boom
Even the Telegraph is getting on board.
Following his upbeat analysis on the prospect of batteries, Ambrose Evans Pritchard has dissected the technical and economic case for offshore wind turbines, concluding that the UK’s ‘vast national gamble on wind power may yet pay off’.
It come as new stats reported by the FT chart the recent renewables boom, with the G20 countries increasing their wind and solar generation by more than 70% over the last 5 years.
And a new list entitled the ‘Clean 200′ has been launched, ranking Toyota, Tesla and Vestas among the best performing clean companies.
In other news
US: A new Koch-backed group has formally launched its multimillion dollar campaign to kill the electric car, reports DeSmog US.
UK: Councils across England cut climate staff as funding is pulled, reports DeSmog UK.
Olympics: Certain cities could be off-limits for future Olympic games due to climate change, a new study has found.
Coal: Poland suspends massive new coal mine, we report.
Oil: An Australian government report claims drilling in the Bight will increase the chance of spills, reports the Guardian.