Nuclear industry faces uncertain future as the building boom instigated by the need for low-carbon electricity is hit by unexpected costs and delays.
It is now clear that solar farms and
wind turbines produce cheaper power
than new nuclear will ever be able to
LONDON, 11 January, 2017 – The prospects for expansion of the nuclear industry worldwide look worse in 2017 than at any time since the first atom stations were built in the 1950s.
Toshiba, the giant Japanese company that owns the American reactor designer Westinghouse, is the latest company to face financial difficulties due to unforeseen cost overruns and delays that run into billions of dollars.
Westinghouse Electric’s troubles began after it bought construction contractor CB&I Stone & Webster and then had to write down the value of the acquisition by billions of dollars because of problems with building four new reactors for US utilities...
READ: Time and money run out for nuclear revival - Climate News NetworkClimate News Network
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