I have to say that I now have mixed feelings about nuclear. Since I wrote and published my 10 reasons to support nuclear – by far my most popular post on this blog – the catastrophe at Fukushima took place.
Now the main French utility – Electricité de France, aka EDF – announced that its EPR reactor in Flamanville, France, will cost a massive two billion euros more than previously forecasted, now totally 8.5 billion euros.
Until Fukushima many were forecasting a nuclear renaissance. I guess these additional costs will be another severe blow to their hopes and to EDF’s business model.
