Hinkley with renewables would save £40billion', says report
cannot keep "blindly carrying on" with expensive plans
for a new reactor at Hinkley Point, a group of MEPs has said this
week following the release of a new report suggesting that renewables
could supply the same energy for £40billion less.
study by the Intergenerational Foundation think tank states that
once long-term subsidies for the project near Burnham-On-Sea are
taken into account, solar and wind alternatives would offer significant
has added that these green energy sources do not come with the
added burden of nuclear waste, and would allow the UK to live
"within its economic and environmental means."
figures are based around the expected cost of building the new
Hinkley Point C nuclear plant, which is currently £24bn,
plus the Government subsidy of £92.50 per megawatt hour
generated in its first 35 years.
with the projected costs of renewable technologies over this period,
the group claims that onshore windfarms would cost £31.2bn
less than Hinkley, and solar photovoltaic power £39.9bn
less, while generating the same amount of energy.
author Andrew Simms said in a statement this week that the Government's
current plans for new nuclear power "will break spending
records, and pass both high costs and large, unknown economic
risks onto every UK child for generations to come".
a rethink we risk passing on a huge intergenerational economic
burden in which known costs are high, and risks exist heavily
on the downside," he said. "Readily available, cheaper,
safer and quicker renewable energy options would help Britain
live both within its economic and environmental means, while also
protecting and providing for future generations."
MEP for the South West Dr Molly Scott Cato said the report is
similar to the findings of a similar study she commissioned last
year which concludes "that renewables can produce electricity
quicker and more cheaply, and can create a far greater boost to
the regional economy and generate many more jobs than nuclear
ever can," she said.
the government continue to ignore the evidence and blindly carry
on supporting this disastrous white elephant, driven on by their
anti-renewables, pro-nuclear ideological obsession. There really
isn't any more space for nails in the coffin for Hinkley."
to the comments, a Department of Energy and Climate Change spokesman
said the Government does not recognise Intergenerational Foundation's
Point C is a good deal for consumers and, once operational will
provide 60 years of secure, reliable and low-carbon electricity
for the cost of 35," he said.
will help us to keep the lights on while meeting our emissions
targets in the most cost-effective way."
Offshore wind farms like this one could save the UK billions of
pounds compared to nuclear, claim campaigners (photo Kim Hansen)