Tommy Tainant
Diamond Member
Hitachi scraps £16bn nuclear power station in Wales
Hitachi has scrapped plans to build a nuclear power station in Wales, becoming the second firm in two months to abandon a major nuclear project and triggering “a full-blown crisis” for the UK energy’s strategy.
The £16bn Wylfa plant on Anglesey was meant to be the next in a line of new nuclear plants behind Hinkley Point C but the Japanese conglomerate failed to reach a deal with the UK government.
A Hitachi board meeting pulled the plug on mounting costs on Thursday, and the company said it would take a 300bn yen (£2.14bn) hit from axing Wylfa.
The move was a “significant blow” to the UK’s future energy supply plans, the Confederation of British Industry said.
It doesnt make economic sense any more as renewables become cheaper and cheaper.Its all good.
Hitachi has scrapped plans to build a nuclear power station in Wales, becoming the second firm in two months to abandon a major nuclear project and triggering “a full-blown crisis” for the UK energy’s strategy.
The £16bn Wylfa plant on Anglesey was meant to be the next in a line of new nuclear plants behind Hinkley Point C but the Japanese conglomerate failed to reach a deal with the UK government.
A Hitachi board meeting pulled the plug on mounting costs on Thursday, and the company said it would take a 300bn yen (£2.14bn) hit from axing Wylfa.
The move was a “significant blow” to the UK’s future energy supply plans, the Confederation of British Industry said.
It doesnt make economic sense any more as renewables become cheaper and cheaper.Its all good.