China is looking to step into the UK’s increasingly beleaguered nuclear sector with the possible purchase of the Horizon joint venture between E.ON and RWE, according to media reports.
In a further blow to the UK government’s plans for a nuclear renaissance, E.ON and RWE npower said today that they will not proceed with their 50:50 joint-venture Horizon Nuclear Power.
UK Prime Minister David Cameron promised a “bold transformation” of the country’s energy infrastructure in a speech at the Institute of Civil Engineering earlier this week.
Nuclear power is essential to keeping the UK’s lights on over the next 40 years while meeting low-carbon energy targets, according to an analysis by the government’s former chief scientific advisor.
Scotland and Wales announced initiatives this week backing the move towards a low-carbon future.
The UK is handing over control of its nuclear power future to France, four leading environmentalists will warn the government today.
UK Energy Secretary Ed Davey responded to newspaper accusations today with a categorical rebuttal that the UK does not want to scrap its 2020 renewable energy target.
New UK Energy Secretary Ed Davey has reemphasised his commitment to energy efficiency and other clean technologies in comments in recent days.
US Senator Jeff Bingaman last week proposed legislation to establish a Clean Energy Standard, which would bring certainty to investors, diversify US power generation and reduce carbon emissions.
The UK’s 20 GW of ageing generating capacity that is due to close by the end of 2016 will be replaced by 30 GW of new capacity coming online, two-thirds of which will be renewables, according to analysts Bloomberg New Energy Finance.