News By Tag
News By Location
Follow on Google News
European nuclear new build outlook might increase even more than already expected
European nuclear new build outlook might increase even more than already expected due to potential plans of the European Commission for Competition
By: xCon Partners
The energy sector is a highly competitive and cost-intensive business field that requires long-term planning. This is especially true for construction and operation of nuclear power plants. Depending on the specific project, planning and construction time combined is in the range of 8 to 20 years, the following operation period on average takes about 45 years. Those time frames are beyond typical legislative periods and socio-political sentiments. Combined with uncertain construction costs, running easily into several billion Euros, this led to increasing restraints of investors in the recent years.
Increased number of nuclear new build projects despite high and uncertain cost
The European Commission for Competition is currently planning a legal set of rules which would ease financing of nuclear new build projects in Europe by allowing e.g. state cash injections. This plan mainly supports European countries with nuclear energy still being an inherent part of their energy mix, but also countries trying to enter the nuclear market and hence seeking additional financing sources for their future nuclear projects could benefit from these EU activities.
“Due to increasingly strict safety regulations in Europe, construction costs for a new nuclear power plant have increased significantly”, explains Jan Junker, Partner at xCon Partners with an extensive nuclear project history. In fact, many of the project budgets had to be adjusted upwards several times as the example of the Finish new build project Olkiluoto 3 impressively demonstrates:
Investment security due to transparency on worldwide nuclear market by using xNuke
A new Business-Intelligence-
xCon Partners GmbH
xCon Partners is a strategy and management consulting firm focusing on Business-IT-
Our clients benefit from a cooperative consulting approach, always considering the individual and unique situation of the client. Our extensive partner network gives us on-demand access to further industry specific and functional know-how whenever needed. With office locations across Germany (Bremen, Wiesbaden and Munich), we are proud to serve our DAX 30 and mid-sized customers with close distance and perfect reachability.
xNuke stands for “eXplore Nuclear”
In combination with our extensive nuclear market experience and optional consulting services, it allows our clients to realize sustainable competitive advantages in the nuclear market. Please feel free to contact us – we will provide you with additional information of our consulting services and our xNuke database – and we will set up an individual xNuke demo account if needed