First-quarter decline in investment reflects partly falling cost of capital for renewables, allowing investors to install same capacity for less cash.
The most important impact of the crisis facing Toshiba and Westinghouse is the chilling effect it will have ‒ and is already having ‒ on the nuclear power industry.
As expected, France was heavily dependent on power imports during the first cold spell of this winter, even with most of its nuclear reactors back online. And it is paying twice as much for peak power as Germany.
Vietnam parliament votes to scrap plans to build 4GW of nuclear power, citing declining electricity demand and a doubling in the cost of the two plants to $US18 billion.
France faces sky-rocketing power prices and supply shortages with 21 of its 58 nuclear reactors offline due to safety concerns. Just as well it can rely on imports of renewable energy from Germany.