E.ON (EONGY.PK) and RWE (RWEOY.PK) scuttle a joint plan to build nuclear power stations in the...

E.ON (EONGY.PK) and RWE (RWEOY.PK) scuttle a joint plan to build nuclear power stations in the U.K. worth up to £15B ($23.78B) - potentially damaging the government's stated goal to see new plants by 2025. The German utilities say they made their "strategic decision" because of the slow pace and high costs of the project.

Comments (2)
  • fatdaz
    , contributor
    Comments (16) | Send Message
    UK along with other developed powers needs to make a decision about the future of power generation and soon energy demand is likely to continue to rise ,even though shale gas is keeping US Nat gas prices cheap for now once it can be exported efficiently there will be ready demand in Asia where energy consumption is going one way . Current alternative energy solutions are not efficient reliable or economic enough to take over from nuclear and fossil fuels .... Going green is nice idea but with current technology and without subsidy ( which makes no sense ) its a pipe dream
    29 Mar 2012, 08:45 AM Reply Like
  • kmi
    , contributor
    Comments (4738) | Send Message
    Considering energy consumption in the developed world is decreasing (due to increasing efficiency in consumption), at the same time as renewables are gaining increasing prominence globally (Germany = 20% of its energy from renewables, California too), and the fact that renewables are dropping in price and increasing in efficiency in leaps and bounds (particularly energy storage) the result is that consumption of watts per person is dropping.


    I don't agree with where your comment concludes.


    Also, considering that UK's oldest nuclear facility was just shut down, and it will take 80 years to remediate the site, at a tremendous cost, somehow I don't think nuclear really has that many friends any more.
    29 Mar 2012, 11:47 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs