“Ministers 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.
The 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 savings.
It 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.”
The 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.
Compared 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.”
http://www.burnham-on-sea.com/news/2016/hinkley-green-costs-06-04-16.php
East Devon Watch 