Costs rise again for UK Hinkley Point nuclear project

The UK's nuclear power plans seem increasingly pricey and inviable as French utility EDF hikes development costs. Meanwhile, offshore wind offers the cheapest electricity, as recently seen in the UK's latest CfD auction.

Photo: Scanpix

Électricité de France S.A. raised the estimated cost of two reactors it’s building in the UK, making Britain’s nuclear ambitions look increasingly untenable as renewables become ever cheaper to develop.

EDF said the bill for the Hinkley Point C reactors could rise by as much as GBP 2.9 billion (USD 3.6 billion), and warned of a delay to their completion. The project is now strikingly expensive compared with UK wind, for example, where power from the latest offshore auction sold at less than half that from Hinkley.

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