German co-op to sue over Hinkley Point C nuclear incentives

German co-op to sue over Hinkley Point C nuclear subsidies

A German energy cooperative said it will sue the European Commission over incentives for a nuclear power project in the United Kingdom.

The managing director of Greenpeace Energy said in Reuters that the subsidies for the $24 billion Hinkley Point C nuclear project will affect prices at the power exchange in Germany and could set a precedent. The group will file a plea for annulment at the European Court of Justice in Luxembourg when the commission’s approval is published.

Plant owner EDF of France said it was going to push back the start of construction because it had not finalized financing with Chinese project partners. The EC approved $28 billion in subsidies to EDF in September 2014 after an investigation into the financing. EDF said the subsidies were necessary to build the plant, which is expected to come online in 2023.

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