The Egyptian Nuclear and Radiological Regulatory Authority has granted Russian nuclear power company Rosatom permission to construct El-Dabaa Nuclear Power Plant Unit I. Four power units with a combined capacity of 1.2 GW will be included in the nuclear project, which will be constructed in the Mediterranean city of El Dabaa.
Read More
The US Department of Energy has announced that bids for a $6 billion nuclear renewal programme will be solicited. Nuclear power reactor owners and operators that are about to shut down for economic reasons can request for funding to avoid closing prematurely. The first round of awards from the new programme will prioritise funding nuclear plants that have already announced a closure date.
Read More
Rolls Royce, a British engineering company, intends to start up its first small modular nuclear reactor (SMR) in 2029. The government has already invested $274 million in Rolls Royce’s SMR development. Rolls Royce’s SMR design has been submitted to the UK’s nuclear regulator for approval.
Read More
After delays due to concerns within the Treasury, the Government released its highly anticipated British Energy Security Strategy on April 7, 2022. Offshore wind is one of the key cornerstones of the Strategy with the Government signalling its intention to increase capacity up to 50GW by 2030. Targets for low carbon hydrogen production capacity have been doubled to up to 10GW by 2030.
Read More
The European Commission has released new plans to include some natural gas and nuclear energy power plants as ‘green’ under the existing EU Taxonomy’s Climate Change Mitigation objective. Investors’ recognition of nuclear and gas-fired powered generation as green is likely to remain somewhat tempered by existing exclusions in ESG funds, but their inclusion into the EU Taxonomy now opens the door to more nuanced views.
Read More
Taiwan’s wind and solar power capacity will continue to grow in the coming decade, with favourable referendum results for a nuclear phase-out and a liquified natural gas (LNG) terminal relocation to pose a further upside risk. Taiwan has set in place a pipeline of solar and wind power projects, signifying the government’s commitment to their renewable power targets.
Read More