Bruce Power drops plans for new reactors
The private company, which operates six nuclear reactors at its site in Kincardine, is withdrawing its site licence applications for the new reactors.
The company told the Canadian Nuclear Safety Commission it will also suspend environmental assessments in both locations.
Energy Minister George Smitherman had publicly opposed Bruce's plans to build new nuclear reactors, and accused the company of trying to influence government policy.
Smitherman said last year that Bruce had "no government support in any form"' for its bid to construct new reactors at Nanticoke.
The Ontario government announced last month that it was delaying its own plan to build two new reactors at Darlington after cost estimates soared billions of dollars beyond expectations.
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BloombergNEF: World offshore wind costs 'drop 32% per cent'
DENMARK - World offshore wind costs have fallen 32% from just a year ago and 12% compared with the first half of 2019, according to new research from BloombergNEF.
In its latest Levelized Cost of Electricity (LCOE) Update, BloombergNEF said its current global benchmark LCOE estimate for offshore wind is $78 a megawatt-hour.
“New offshore wind projects throughout Europe now deploy turbines with power ratings up to 10MW, unlocking CAPEX and OPEX savings,” BloombergNEF said.
In Denmark and the Netherlands, it expects the most recent projects financed to achieve $53-64/MWh excluding transmission.
New solar and onshore wind projects have reached parity with average wholesale…
