French Energy Minister pleads for new nuclear reactorsFrance should build a new generation of nuclear reactors to replace the country's ageing plants, said Energy Minister Ségolène Royal. It is the first time a government member has clearly approved this option, adding that nuclear power was an asset as it guarantees the security of supply. EDF, which operates all of France's nuclear reactors, faces a €55 billion upgrade of its existing plants by 2025. "EDF's board has adopted part of its big maintenance plan with my agreement", Mrs Royal said. To finance this investment, EDF has advocated an extension of reactor lifespan. "I didn't include a 40-year age limit in the energy transition bill like ecologists wanted. Some nuclear plants can live longer", Mrs Royal said. This was also the first time the minister had approved an extension beyond 40 years.
L'Usine Nouvelle | 2015, January 15th
NPM consortium loses Sellafield contractManagement of nuclear decommissioning at the Sellafield site is to be taken back into state hands. Nuclear Management Partners (NPM), the consortium of Amec, Areva and URS, had been stripped of its €11.5 billion contract to run the Cumbrian site, with the Nuclear Decommissioning Authority (NDA) taking over the reins. NPM has run the site since 2008 and was awarded a five-year extension to its contract in 2013, despite criticism of cost overruns and delays. The new model would see a private sector company appointed as a strategic partner but the NDA will be in charge of the works. Areva owns 20% of NMP, which contributed revenue of about €15 million.
The Independent, Le Monde Eco & Entreprise | 2015, January 13th
Clean tech investments rebound in 2014Clean energy investment bounced back strongly in 2014, totalling $310 billion and a year-on-year growth of 16%. China was the world's top green energy backer, with investments up 32% to a record $89.5 billion. Meanwhile, US investments were up 8% to roughly $52 billion. Japan ranks third, with $41.3 billion invested. Solar accounted for almost half of total clean energy investment, boosted by newly competitive large-scale and rooftop solar PV. Investments in wind power totalled $100 billion, with major offshore wind projects launched in Europe. However, European investments in renewables rose only 1%, in a difficult economic context. Still, French investments surged 26% to $7 billion, boosted by the Cestas solar project near Bordeaux (Aquitaine, France).
Le Figaro | 2015, January 12th
Total could quit fossil fuels, scientist saysThe oil price crash coupled with growing concerns about global warming will encourage at least one of the major oil companies to turn its back on fossil fuels in the near future, predicted Jeremy Leggett, an award-winning scientist and former industry adviser. Mr Leggett points to Total as the kind of group that could abandon carbon fuels in the same way that E.ON, the German utility, announced plans to spin off coal and gas interests and concentrate its future growth on renewables.
The Guardian | 2015, January 12th
Andra to face court about Cigeo projectA French High Court is to examine allegations made by six anti-nuclear associations against the National Agency for Radioactive Waste Management (Andra) within the framework of its Cigeo project of deep repository. According to the associations, the Andra would have intentionally underestimated the geothermal potential of the region's underground. The French Safety Authority (ASN) prohibits any such project located on a site that may be of "special interest" for geothermal energy. But according to studies commissioned by the Andra and the Radioprotection and Nuclear Safety Institute (IRSN), the geothermal potential of the Bure region is not such as to call into question the project. Meanwhile, the associations, which for now claim a symbolic compensation, are contesting the studies. The Andra, for its part, is strongly denying the allegations. A first ruling is expected on March 26.
Le Figaro | 2015, January 06th
Top scientists plead for nuclear powerIn an open letter, more than 65 biologists support the call to build more nuclear plants as a central part of a global strategy to protect wildlife and the environment. They argue that nuclear power is one of the least damaging sources of energy for the environment, and that the green movement must accept its expansion if the world is to avoid climate change. As well as reducing the sources of CO2, the expansion of nuclear power will leave more land to support biodiversity, they say. "Much as leading climate scientists have recently advocated the development of safe, next-generation nuclear energy systems to combat climate change, we entreat the conservation and environmental community to weigh up the pros and cons of different energy sources using objective evidence and pragmatic trade-offs, rather than simply relying on idealistic perceptions of what is 'green'", the letter reads.
The Independent on Sunday | 2015, January 04th
Germany's renewables output hit record in 2014Germany's renewable power output in 2014 has reached a new record, representing 25.8% of the domestic energy mix, energy industry association BDEW said. Renewables increased their share in power generation, up from 24.1% a year ago, overtaking domestic lignite coal (25.6%) as the country's biggest source of electricity. The share of coal (excluding lignite) in the power mix reached 18% this year. Overall, coal (including lignite) accounted for 43.6% of the mix. Still, Germany's solar PV output rose 14% on the year, while wind turbines and hydro generation barely increased their output. The rise of renewables is linked to a global decrease in power generation, down 3.6%.
Les Echos | 2014, December 30th
Research efforts on new nuclear reactorsScientists and engineers are looking at new kinds of reactors, intended to be safer, cheaper and easily deployable. From reactor designs that use sodium instead of water, to those that substantially reduce the waste, the new reactors would represent a break from the past. New reactors could run on thorium, plutonium or more exotic materials, and in place of water might have molten metal. If reactors switched to sodium, the nuclear reaction itself would change, and they would burn up some of the material that now becomes the most troublesome parts of waste. Besides, the use of sodium would significantly simplify construction. GE has been pursuing a version of the sodium reactor; Terra-Power, a company financed partly by Bill Gates, is also working on a design, as is Toshiba. Meanwhile, work, notably at Areva, has focused on the high temperature gas-graphite reactor. The reactor would produce heat intense enough to split water into hydrogen and oxygen, opening up possibilities beyond electricity; the hydrogen could be combined with carbon pulled from power plant exhausts, to make liquid fuel for cars.
International New York Times | 2014, December 17th
Germany to create decommissioning fundThe German government plans to set up a fund into which nuclear power generators should pay €17 billion to ensure the long-term costs of decommissioning their plants are met. The utilities should contribute an additional €19 billion from their provisions to pay for waste storage. The total amount corresponds to the €36 billion that Germany's four nuclear operators - E.ON, RWE, EnBW and Sweden's Vattenfall - have already set aside for plant decommissioning and disposal of nuclear waste. With the creation of the fund, Germany is addressing concerns over a potential bankruptcy or a default by one of the operators. "We can't be sure that all nuclear power generators will survive the changes on the energy market and meet their long-term obligations in decommissioning", the newspaper said, quoting an internal document.
Suddeutsche Zeitung | 2014, December 17th
Russia, India sign major cooperation dealRussia signed deals to build a further ten nuclear power plants in India during a visit by President Vladimir Putin. Russia will help India build at least 10 more nuclear reactors by 2035. A Russian-made reactor is already operational at the Kudankulam nuclear plant (Tamil Nadu), and another one is scheduled to go online next year. The plant could eventually feature 6 units. The 6 remaining reactors pledged by Russia will be built on another site, which remains to be identified.
The Times 2d ed. | 2014, December 12th
Nuclear firms asked to take financial risksNuclear energy companies are increasingly being asked to shoulder some of the cost of building new plants, as governments try to spread the risk involved in developing nuclear power. Japan's Hitachi for example is considering taking an equity stake in Lithuania's first nuclear project. The biggest driver of technology companies taking equity stakes is risk aversion among governments, particularly during construction. As of today, only a handful of equity deals have been completed, notably Rosatom's Akkuyu project in Turkey. Meanwhile, ownership stakes overseas provide a rare source of new business for Toshiba - involved in the UK Moorside project - and Hitachi, as Japan's nuclear reactors remain idled. The companies see it as necessary to secure future contracts for services. And designing and building new nuclear plants is crucial to maintaining their edge in technology, providing invaluable experience for engineers.
The Wall Street Journal Europe | 2014, December 10th
Nuclear phase-out could be more expensive than expectedA few days ago, Germany's Federal Economy Minister Sigmar Gabriel said he considered the current legal basis for the nuclear industry phase-out to be "safe". The German government has now shared its concerns as to whether the designated billion euros provided by the major German energy suppliers could not suffice to carry out the process as planned. It is also worried the nuclear industry could be trying to escape its responsibility and leave a subsequent financial risk to the government. A state commissioned company is now examining stricter laws and new funds.
Handelsblatt | 2014, December 09th
UK to face power shortfall because of ageing reactorsAll but one of Britain's ageing nuclear reactors, Sizewell B in Suffolk, will be closed down within 15 years because of concerns over their economic viability or safety, energy expert Laurence Williams warned. Professor Williams, a former chief inspector of nuclear installations, said there would come a point when it would be either uneconomic to continue operating the reactors, because of the extra maintenance needed, or they would become unsafe. As a result, the UK could have a 20% shortfall in power supplies unless replacement reactors come on stream in the 2020s.
The Independent | 2014, December 02nd
Finland plans to work with Russia despite EU sanctionsFinland's Parliament is poised to give the go-ahead to a controversial JV with the Russian state-owned company Rosatom to build a new nuclear plant. The JV is understood to have the support of a majority of MPs and to be backed by the coalition government led by PM Alexander Stubb. The green light will come despite calls by the EU for member states to suspend planned energy agreements with Russia, as part of a campaign of sanctions prompted by the Ukraine crisis.
The Guardian | 2014, December 02nd
E.ON spinoff alarms German politiciansMany questions remain open after E.ON, Germany's largest utility, announced that it will break itself up, spinning off its conventional power business into a separate company and focusing instead on wind and solar power. "The question of the responsibility for the costs of closing the plants and disposing of related nuclear waste is now more relevant than ever", said Oliver Kirscher, the Alliance 90/The Greens deputy faction leader in the German Bundestag. He stressed that the restructuring of E.ON must not be at the expense of taxpayers. Federal Minister for Economic Affairs Sigmar Gabriel welcomed E.ON's announcement as an "opportunity" for the firm and said he expects it to take its responsibilities in disposing nuclear waste.
| 2014, December 02nd
China's CGN hopes to raise 2.5 billion euro in IPOChina's nuclear power group CGN has launched an initial public offering in Hong Kong worth up to €2.5 billion. CGN, China's largest nuclear power plant operator, has already sold 40% of its offering to cornerstone investors. The company plans to use the new capital to help finance the purchase of additional shares in Taishan Nuclear Power, its joint venture with EDF. CGN will increase its holding in Taishan from 41% to 51%. Some of the proceeds (above 25%) will also be put towards new domestic projects. 10% of the sale could be directed towards overseas expansion.
Les Echos | 2014, November 25th
IEA's World Energy Outlook 2014 focuses on nuclear powerThe International Energy Agency (IEA) has released this year's World Energy Outlook (WEO), which identifies nuclear power as one of the few options available at scale to reduce carbon dioxide emissions. Since 1971, it has avoided the release of an estimated 56 gigatonnes of CO2. According to the IEA's central scenario, global nuclear power capacity will increase by almost 60%, from 392 GW in 2013 to over 620 GW in 2040. However, its share of global electricity generation rises by just one percentage point to 12%. Almost 200 reactors (of the 434 operational at the end of 2013) are expected to be retired in the period to 2040. The challenge to replace the shortfall in generation is "especially acute" in Europe, the WEO said. The IEA estimates the cost of decommissioning nuclear plants that are to be retired in the period to 2040 at more than $100 billion.
Les Echos, La Tribune | 2014, November 13th
Japan: Kagoshima prefecture OKs restart of Sendai reactorsThe governor of Japan's Kagoshima prefecture gave his approval to the restart of two reactors at the Sendai nuclear plant, marking the final hurdle for the restart, which is now likely to happen early next year. "We decided there is no other way but to accept", said Governor Yuichiro Ito at a news conference. The reactors, operated by Kyushu Electric Power, will likely restart next year as further operational checks need to be passed.
Les Echos | 2014, November 10th
Power companies hinder repository searchIn Germany, the law that rules the search for a new nuclear repository is being put to the test, particularly as regards the Gorleben site issue and whether it will continue to remain in the pool of potential sites. An expert consultation in the Federal Parliament (Bundestag) is now to provide arguments in favour and against changing the law, which was only adopted after difficult federal-state negotiations in the summer of 2013 by the Bundestag. Recently filed complaints by power companies RWE and E.ON against the repository-law and a dispute between environmental groups are overshadowing the project.
Frankfurter Rundschau | 2014, November 03rd
European Commission points to hidden costs of Hinkley Point projectUK Chancellor George Osborne has been criticised by the European Commission for failing to reveal all the costs associated with building the Hinkley Point C nuclear plant. Although the commission approved the construction following a state aid investigation, minutes of the debate seen by The Independent revealed that there was "regret, expressed by some, that all the long-term costs for the British Treasury had not been integrated into the calculation of the cost of the project, for instance the cost of storing the nuclear waste or of dismantling the plant at the end of its lifetime".
The Independent | 2014, October 27th
European leaders agree on climate dealA climate change deal approved by European leaders on 24 October will give member states more flexibility over how they cut emissions. Under the deal, countries agreed to cut emissions collectively by 40% compared with 1990 levels by 2030. But a proposal from Britain that each member could choose how to meet its share of the target was also accepted. In practice, this means Britain could decide to cut emissions by building nuclear plants, rather than building more wind turbines. The deal also stated that 27% of the EU's energy should come from renewable sources by 2030 but that this would not be binding on individual member states. Another target for a 27% improvement in energy efficiency was seen as even weaker as it was made clear that this would be optional.
The Times | 2014, October 25th
Abadie named new head of France's waste management agencyPierre-Marie Abadie was appointed head of France's National Agency for Radioactive Waste Management (Andra) and will replace Marie-Claude Dupuis. Mr Abadie was previously Director of Energy-Department of Climate and Energy at the Ministry of Ecology. Among the most pressing issues Mr Abadie will have to address is the Cigeo project of deep geological repository.
Enerpresse | 2014, October 24th
Luxembourg to hand out iodine pillsThe government of Luxembourg has taken the unprecedented step of issuing free iodine pills to its half a million citizens to help protect them in the event of a serious nuclear incident at France's Cattenom nuclear plant, located in the Lorraine region close to the Luxembourg border. The plant, which consists of four pressurised water reactors, went online in 1986 and remains one of France's most productive nuclear reactors. But a series of accidents have brought renewed demands for its early closure from France's neighbours.
The Independent | 2014, October 18th
Power source based on nuclear fusionLockheed Martin said its Shrunk Works department had made progress in developing a power source based on nuclear fusion. It would imply reactors to fit on the back of a truck capable of being deployed within a decade.
The Times | 2014, October 16th
Bids for Urenco expected by year-endBritain, Germany and the Netherlands have asked prospective buyers for their jointly-owned nuclear fuel enrichment firm Urenco to submit indicative bids by year-end. The governments, which each own a third of Urenco, have agreed to test the market's appetite for the world's second-largest nuclear fuel vendor before deciding whether to kick-start a privatisation process that could fetch up to €10 billion. Areva, Japan's Toshiba, a consortium led by former boss Patrick Upson and a number of private equity firms are expected to submit expressions of interests in December.
The Daily Telegraph 2d ed | 2014, October 10th
Nuclear plants could be offline until end of yearEDF Energy announced that the four UK nuclear reactors that have been shut down for safety reasons should be back online before the end of the year. "During the coming weeks, the teams will focus on completing the inspections and work to build a robust case for the safe continuing operation of the boilers", the company said.
The Guardian | 2014, September 05th
The EU Imports the Majority of its Energy NeedsThe European economy is dependent on energy imports. French energy dependence is lower than the EU average; 48.1% of French energy consumption came from imports in 2012, down from 51.7% in 2005. In Germany the figures are 61.1% in 2012, showing no change since Eurostat began collecting data in 2001. Denmark is the only EU member state that is self-sufficient for its energy needs, while Malta, Luxembourg and Cyprus all had to import almost all of their energy.
La Tribune | 2014, September 03rd
Russia will export gas to ChinaVladimir Putin inaugurated a pipeline named "Siberia Strength" on Monday. The pipeline is supposed to help Russia export important gas volumes to China. Today, without a pipeline towards China, Russia gets most of its resources by selling hydrocarbons to Europe.
L'Agefi, Les Echos | 2014, September 02nd
Gas: Russia puts pressure before winterAlexander Novak, Russian minister for Energy, said that there was "a risk that the gas delivered by Gasprom for Europe was illegally taken by Ukraine for its own needs". Energy players have found alternatives to protect themselves from tensions this winter. For instance, they could reroute LNG cargos that go to Asia today.
Les Echos | 2014, September 01st
Half of Belgian nuclear capacity offlineGDF Suez is experiencing difficulties in Belgium. Two of its nuclear reactors, Tihange 2 and Doel 3, may remain offline until spring and may need to be halted permanently. Both reactors were first stopped in 2012 after finding indications of cracks in their core tanks. After reopening in 2013, the reactors were closed again in March of this year for further tests after inspections uncovered irregularities in the strength of the tanks. The interim results of the tests would show the tanks are weakened by the cracks and may need to remain closed until the spring of 2015 or may even remain shut permanently. Concerns are growing over a possible shortage of electricity in the country during the winter. Indeed, with another reactor, Doel 4, also closed because of damage to its turbine, more than half of Belgium's nuclear capacity is offline.
Le Monde | 2014, August 22nd