Renewables group questions EC neutrality on nuclear power

Thursday, September 27, 2007

Brussels (Platts) - 26 Sep 2007

A renewable energy group said it was "deeply worried" about the neutrality of the European Commission when it comes to nuclear power. The European Renewable Energies Federation, or EREF, was reacting September 26 to a September 25 EC decision. The EC decision was that there was no illegal state aid involved in the 570-million-euro (US$805 million) export credit guarantee from French export credit agency Coface to French nuclear vendor Areva for the Olkiluoto-3 reactor under construction in Finland. EREF President Peter Danielsson said the EC had turned its back on its own policies and past practices with regard to export guarantees in intra-community EU trade, "for the sake of shielding nuclear from competitive market conditions and in order to fence out non EU competitors. EREF will evaluate the Coface decision once the whole document is available and see what next legal steps should be taken."


Posted in |