Areva have agreed to pay $554m to Finland’s Teollisuuden Voima (TVO) for cost overruns and delays at the Olkiluoto nuclear reactor it is building with Germany’s Siemens.
French utility EDF’s proposed takeover of Areva’s nuclear reactors business was approved this week by the European Commission.
French state utility EDF has made a binding agreement to purchase Areva’s nuclear reactor assets, in a deal worth $2.7bn.
An EDF board member has opted to resign ahead of a vote expected today on whether to go ahead with the Hinkley Point C nuclear power project in England.
EDF is to consider a final investment decision on the Hinkley Point C nuclear power project next week.
The European Commission has announced that anti-trust regulators have commenced investigating the restructuring of French state-owned nuclear reactor builder Areva.
Mitsubishi Heavy Industries (MHI) has signed a memorandum of understanding (MOU) with EDF to collaborate in the civil nuclear industry, taking a minority stake in the French state-owned firm.
French offshore wind partnership Adwen and Danish wind OEM LM Wind Power have unveiled the world’s longest wind turbine blade.
A breakdown in negotiations over a nuclear power plant in Finland is causing concern among the Finnish government as to the French government’s intentions for the project.
The French premier François Hollande says that he still wants to see the EDF-backed Hinkley Point C nuclear power project go ahead despite the difficulties the development is having in getting off the ground.