Greg Clark’s Swansea Bay tidal lagoon briefing ‘very misleading’

Developer Tidal Lagoon Power says the project in Wales will be much cheaper than Hinkley Point C nuclear power station

Greg Clark to be questioned by BEIS Committee

The Business, Energy and Industrial Strategy (BEIS) Committee is to question Greg Clark about the work of the department next week. It will be his first appearance before the Committee since being appointed as BEIS Secretary earlier this year. The Committee will focus on the energy and climate change briefs, including the department’s efforts to […]

Hinkley to cost UK consumers as much as £21bn

The Hinkley Point C (HPC) nuclear power plant will cost UK consumers as much as £21 billion over the lifetime of the project. EDF has negotiated a strike price of £92.50/MWh for the electricity it generates for 35 years with the UK Government under its Contracts for Difference (CfD) scheme. The final agreement was signed […]

Final deal for Hinkley signed

The final deal for the construction of Hinkley Point C has been signed today. The UK Government, EDF and CGN have signed the contract in a ceremony in London following Theresa May’s decision to green light the £18 billion nuclear project after she reviewed it. According to Business, Industrial and Energy Secretary Greg Clark, the […]

EDF rating downgraded after Hinkley approval

EDF’s credit rating has been downgraded following the UK Government decision’s to give the final go-ahead for the Hinkley nuclear project. Moody’s has chopped EDF’s rating from ‘A3’ to ‘A2’ saying the “significant scale and complexity” of the £18 billion project will affect the group’s business and financial risk profiles. It highlights EDF and its […]

Hinkley is the right decision, says Ed Davey

  Going ahead with the Hinkley Point C nuclear project is the right decision, according to the former Energy Secretary Ed Davey. Speaking to ELN at the Carbon Trust ‘Clean Tech Investor Forum’ event yesteday, he said nuclear investment is the right decision as it is not yet certain whether renewables and storage will be able […]

Investment for Hinkley ‘could be better placed elsewhere’

  The money invested to support the construction of Hinkley could have been used for other new clean technologies or energy efficiency. That’s the view of some of the energy experts who were at our Power Ride charity event last week, through which we raised more than £1,200 to support Parkinson’s and our Re-energise Nepal campaign […]

CCC: Energy policy can’t depend on any single project

The UK’s energy policy to secure low carbon and affordable energy supply is about more than just Hinkley and “cannot be dependent on any single project”. That’s the message from the Committee on Climate Change (CCC) which follows Theresa May’s decision to give the final go-ahead for the £18 billion nuclear project after she reviewed it. […]

Lib Dems vote to scrap Hinkley plan

Liberal Democrats members have approved a motion to scrap Hinkley at their party conference. The vote follows Theresa May’s decision to give the final approval to the £18 billion project, the first nuclear plant in a generation, after she decided to review the project. Business, Energy and Industrial Secretary Greg Clark said: “We will introduce […]

EDF Energy boss warns nuclear still faces challenges

EDF Energy’s CEO Vincent de Rivaz has said the UK nuclear sector will face a number of challenges. His comments follow last week’s final go-ahead for the £18 billion nuclear project, Hinkley Point C. According to a report by the Telegraph, ministers want Hinkley to be the first of a number of new reactors in the […]