Austria will sue over nuclear power subsidies

Austria said it will sue to block any subsidized nuclear power plants in Europe in an attempt to scare off investors.
 
A government official was quoted in Reuters as saying the country will fight any subsidized nuclear plant plans in court because the incentives hampered the development of renewable energy.
 
The Austrian government intends to take the European Commission to court over its approval of incentives for the Hinkley Point C nuclear project in the UK. Consumers could end up paying £17 billion ($27.8 billion) in subsidies to plant developer EDF, which is more than the £16 billion ($26.2 billion) cost of the plant itself. The incentives triggered an investigation by the European Commission in December. The Czech Republic also plans to expand its nuclear capacity.
 
Subscribe to Nuclear Power International magazine



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...