EDF reiterates its support for Hinkley Point nuclear project despite Brexit

05/07/2016 10:37 Electricity Market


French power utility EDF on Monday reiterated its support for the development of delayed new nuclear power station at Hinkley Point in southern England, declaring that British referendum to quit the European Union will not affect its plans.

However, a long-awaited final investment decision is still to be made. EDF has been consulting with unions in France, some of which have voiced concern about the financial implications of the £18 billion project on the company. The unions fear the investment is too risky, and could bankrupt the company. However, the UK trade unions as GMB, Unite, Ucatt, and Prospect are 100% supporting Hinkley Point C and said that it is vital to make a final investment decision Hinkley Point, which was due to be completed in 2017, is currently expected to be finished by 2025.

Daily (06.12.2019): German spot power down 26% on Thursday on strong wind output

06/12/2019 09:46:00

Crude oil prices evolved differently on Thursday, with WTI prices ending flat and Brent slightly up as traders awaited a decision on output from major oil producers. Brent crude rose by 39 cents, or 0.6%, to settle at $63.39 a barrel, after a hike of 3.6% in the previous session. WTI crude remained unchanged at $58.43 a barrel on the NYMEX, after surging by 4.2% the previous day. A committee of oil producers led by Saudi Arabia and Russia recommended on Thursday that the group increase their current oil production cuts by 500,000 barrels a day.


BP to supply Amazon with 170MW of renewable power

06/12/2019 09:40:00

Oil giant BP has signed a deal to supply Amazon Web Services (AWS) with renewable energy to power its data centres in Europe.


Italy's A2A to buy 1-GW solar project pipeline from Talesun

06/12/2019 09:35:00

The renewables subsidiary of Italian utility A2A SpA has struck a deal to buy a roughly 1,000-MW solar project development pipeline from the Talesun group.