New energy policy needed as nuclear giants take a hit - Climate News Network
▻http://www.climatenewsnetwork.net/new-energy-policy-needed-as-nuclear-giants-take-a-hit
By Paul Brown
Plans for a worldwide fleet of huge new nuclear reactors have collapsed, with the cancellation of a major project and no new orders being placed.
LONDON, 28 May, 2015 − The European nuclear industry, led by France, seems to be in terminal decline as a result of the cancellation of a new Finnish reactor, technical faults in stations already under construction, and severe financial problems.
The French government owns 85% of both of the country’s two premier nuclear companies – Areva, which designs the reactors, and Électricité de France (EDF), which builds and manages them. Now it is amalgamating the two giants in a bid to rescue the industry.
