Abstract
I was rather perplexed to wake up to hear the news that George Osborne was pledging £2bn in loan guarantees for the ill-fated Hinkley C nuclear power project in England. Hadn’t he already pledged £10bn in loan guarantees more than two years ago?
Hinkley C, all 3.2 gigawatts of it, was according to earlier proud boasts supposed to be up and running in 2018, but will now be lucky to be started by 2025. As recently as 2008, the total cost of such a plant was estimated by the UK department of energy at £5.6bn. Now it could easily be five times higher.
Hinkley C, all 3.2 gigawatts of it, was according to earlier proud boasts supposed to be up and running in 2018, but will now be lucky to be started by 2025. As recently as 2008, the total cost of such a plant was estimated by the UK department of energy at £5.6bn. Now it could easily be five times higher.
Original language | English |
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Specialist publication | The Conversation |
Publisher | The Conversation UK |
Publication status | Published - 22 Sept 2015 |
Bibliographical note
David received funding from the ESRC for the project 'Delivering Renewable Energy Under Devolution' (2011-13).Keywords
- Renewable energy
- China
- Wind farms
- Offshore wind
- Electricity market reform
- Nuclear
- Hinkley Point C
- onshore wind
- Hinkley C
- Nuclear power plants