Tag: Constellation

Kiran Stacey

The US government’s loan guarantee scheme has come under scrutiny in recent days after the collapse of the JV between Constellation and EDF for a new nuclear plant. But it appears the similar scheme for the solar energy industry is also coming under fire.

A fascinating Reuters report today spells out some of the problems US solar sector has had securing financing on the back of such guarantees. The authors write:

Applicants to the loan guarantee program have complained the process is too lengthy and murky, leading to just a handful of projects winning approval.

Kiran Stacey

Can new nuclear energy be developed in the UK without government subsidies? This question has been rumbling on in the UK ever since the coalition government agreed to allow nuclear power stations to be replaced “provided that they receive no public subsidy”.

At first it was assumed this was a convenient way to shelve plans for new nuclear building, which the Lib Dems have long opposed. After all, how could companies embark on something as big and expensive as new nuclear building without government money?

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