French energy major EDF has pointed towards a future more renewable after collapsing nuclear power prices in the UK sent its earnings down by one-fifth.
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The differing performance of EDF’s separate units follows yet more difficult headlines for the Hinkley Point C nuclear project it intends to complete in the UK. Earlier this month EDF confirmed the expected project costs had swelled to just shy of £20 billion, heaping yet more scrutiny on a project dubbed “risky” and “high cost” by the National Audit Office last month.
All the while projected development costs of solar and onshore wind continue to tumble in the UK, and the government last week unveiled a future vision for a UK power market far more decentralised than the status quo.
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