EDF Energy has announced plans to extend the lifetime of its UK nuclear power stations at Hinkley Point and Hunterston for seven years.
UK Energy Secretary Ed Davey put the details of government’s long awaited Energy Bill before Parliament today, which promises to revolutionise the country’s energy market.
Japanese company Hitachi yesterday completed its acquisition of German energy companies E.ON and RWE’s UK joint nuclear venture Horizon Nuclear Power for £696 million.
The UK needs an investment of up to £330 billion by 2030 to secure supply and reach its carbon emissions reduction targets, according to a report from the London School of Economics and Political Science.
The renewables, nuclear and carbon capture and storage industries have joined forces to call on the UK government to instigate a binding 2030 decarbonisation target for the power sector.
E.ON and RWE npower have confirmed that Hitachi is to buy their 50:50 joint venture Horizon Nuclear Power for £969 million.