Global Energy News Roundup: August 4

The Forum on Energy weekly news roundup brings together a mix of global energy stories from around the web. It is published every Thursday and is available on Twitter via @forumonenergy

Japanese Prefecture Approves New Nuclear Plant

The Yamaguchi Prefectural Government renewed an expired license for Chugoku Electric Power Co. to reclaim land for a new nuclear power plant. Protests in 2008 and 2011 had previously stalled progress in building the Kaminoseki Nuclear Power Plant, ultimately resulting in the expiration of the license. The new decision was met with some public discontent, but the local government determined it is “within the country’s energy policy.”


UK Prime Minister Theresa May

Source: The Japan Times, Sputnik

UK Stalls on Hinkley Point

Directly on the heels of EDF’s recent to move forward with the project, the new British government headed by Prime Minister Theresa May stipulated that it needs to sign off on the controversial Hinkley Point nuclear project, and that it will not do so until autumn. PM May reportedly harbors concerns about security implications of the significant Chinese investment in the project. A statement from the British government that it will not have to pay EDF compensation if the project is scrapped given the lack of signed contract added further tension to the situation.

Source: The Wall Street Journal, Reuters, Bloomberg

New York Passes Clean Energy Standard

The New York Public Service Commission approved the Clean Energy Standard (CES), including a significant boost to aid the nuclear industry. The CES states that by 2030, half of the energy produced by New York will come from renewable sources, specifically recognizing the carbon-free contribution of nuclear energy. Under the standard, utilities and other suppliers will be required to purchase Zero-Emission Credits to pay for “the intrinsic value of carbon-free emissions from nuclear power plants,” aiding the financially-struggling New York nuclear reactors.

Source: Exelon, World Nuclear News

Proposed South Carolina Nuclear Plant Passes Safety Evaluation

Duke Energy’s proposed William States Lee plant in Cherokee, South Carolina passed the final safety evaluation by the Nuclear Regulatory Commission (NRC), putting it one step closer to official approval. Duke originally applied for the licenses for the two reactors in 2007, and will make a final decision on whether to build the plant sometime after commission approval.

Source: WFAE