Hinkley Point C nuclear project damaging renewable energy sector, says group

The Scottish National Party has raised concerns over the UK’s Hinkley Point C nuclear project.

The party is concerned about delays and increasing costs at the Flamanville project in France. The French and UK projects are both being developed by EDF Energy. Hinkley Point C is eligible for subsidies around £17 billion ($27.8 billion) over a 35-year contract. Consumer-funded payments could reach £35 billion ($54.5 billion) for the duration of the contract.

The European Commission said that Hinkley would increase consumer bills.

“The financial crises surrounding the future of the Hinkley Point C nuclear plant demonstrates yet again the folly of the UK government’s decision to spend huge amounts of public money to subsidise new nuclear power stations,” said Callum McCaig MP, spokesperson for SNG’s Energy and Climate Change. He went on to say that diverting money from renewables to new nuclear is also damaging the renewable energy sector.

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...