Lot's happening with nuclear around the world -- mostly associated with continued problems with market-competitive delivery, seeking alms from taxpayers, and attempts by taxpayer groups and trading partners to block the largest of the subsidies.
The IEA is producing two detailed assessments on nuclear energy in the coming months. The first, a chapter in their vaunted World Energy Outlook, will examine in detail the prospects and challenges to nuclear energy going forward. The second, produced jointly with NEA, will update their Technology Roadmap series, examining options and impediments to scaling nuclear around the world.
Mother of all Solyndras: $6.5 billion in subsidized nuke loans to Vogtle goes final today; $1.8 billion more to follow soon
Homeowners are lucky if they get a 60 day rate lock on their mortgage application. Nuclear reactor developers seem to have no such problem: agreements for multi-billion dollar subsidized loans to build two new nuclear reactors at Plant Vogtle in Georgia have been repeatedly extended for four years.1 A credit market mel
More evidence that nuclear power isn't competitive in the marketplace is coming out of the just-announced deal for Britain's first new nuclear reactors since 1995 -- to be developed at Hinkley Point C, Somerset. The deal also provides a fairly striking example of just how badly government officials and politicians want to pretend that they didn't really have to provide massive subsidies to make the project happen. Keep a straight face, and maybe nobody will notice...
Two years after the Fukushima disaster started unfolding on 11 March 2011, its impact on the global nuclear industry has become increasingly visible. Global electricity generation from nuclear plants dropped by a historic 7 percent in 2012, adding to the record drop of 4 percent in 2011. This World Nuclear Industry Status Report 2013 (WNISR) provides a global overview of the history, the current status and the trends of nuclear power programs worldwide. It looks at nuclear reactor units in operation and under construction.
A group of environmentalists says taxpayers should be worried about extending an $8 billion credit line to Georgia Power's Plant Vogtle nuclear expansion project in Augusta.
To kickstart more nuclear development, the Obama administration in 2010 conditionally committed the government to the massive loan.
Sara Barczak, an attorney with the Southern Alliance for Clean Energy, says given ongoing project delays and cost overruns, taxpayers should be leary of the investment.
While no nuclear loan guarantees have been granted, one has nonetheless been promised to the companies now building the Vogtle 3 and 4 reactors, near Augusta, Ga. It is not clear whether those builders, led by the Southern Company, will actually accept a federal guarantee; Southern says it has been shopping in the private market.
The Obama administration’s approval of a federal loan guarantee for the construction of two Georgia nuclear reactors was met with applause from across the political spectrum, but new analysis reveals potential Solyndra-like problems facing the project.
Three years after the U.S. Department of Energy approved an $8.3 billion loan guarantee to be used by Southern Co. and its partners to build two new nuclear reactors, the deal has yet to be finalized. A Georgia-based clean energy group says that the loan should shut down because it places taxpayers at extreme risk.