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China To UK: 'Golden' Ties At Crucial Juncture Over Nuclear Delay (reuters.com)

Posted by BeauHD on from the money-at-stake dept.

mdsolar quotes a report from Reuters: China has cautioned Britain against closing the door to Chinese money and said relations were at a crucial juncture after Prime Minister Theresa May delayed signing off on a $24 billion nuclear power project. In China's sternest warning to date over May's surprise decision to review the building of Britain's first nuclear plant in decades, Beijing's ambassador to London said that Britain could face power shortages unless May approved the Franco-Chinese deal. "The China-UK relationship is at a crucial historical juncture. Mutual trust should be treasured even more," Liu Xiaoming wrote in the Financial Times. "I hope the UK will keep its door open to China and that the British government will continue to support Hinkley Point -- and come to a decision as soon as possible so that the project can proceed smoothly." The comments signal deep frustration in Beijing at May's move to delay, her most striking corporate intervention since winning power in the political turmoil which followed Britain's June 23 referendum to leave the European Union.

2 of 170 comments (clear)

  1. It was a terrible deal for Britain anyway by Anonymous Coward · · Score: 5, Interesting

    Given that the wholesale price being guaranteed by the government for each kWh was massively higher than even the price consumers are expected to be paying when it was due to open I see no reason to go ahead with it. Energy prices should be dropping not climbing as we have better renewables being developed.

    1. Re:It was a terrible deal for Britain anyway by Pax681 · · Score: 5, Informative

      The UK is mostly in a poor region for solar so that is not really an option, and wind performance isn't exactly spectacular. They would have to install massive amounts of offshore wind overcapacity to significantly reduce carbon production, which would be even more expensive. Their options are limited.

      oh.. so please.. tell my why it is that 57.7 per cent of Scotland's electricity came from renewables in 2015? Do you think it' because Scotland does rather well with shitloads of offshore and wind generation? .. I know it is .. try researching before opening your mouth and letting your belly rumble. we currently use the following...
      Hydro-electric power
      Wind power
      Wave power
      Tidal power
      Biofuels
      Biodiesel
      Biogas, anaerobic digestion and landfill gas
      Solid biomass
      Micro systems
      Solar energy
      Geothermal energy
      And are world leaders on research too! https://en.wikipedia.org/wiki/... and behold the plethora of renewable stuff that gives us more than half our energy needs in Scotland... so tell me... how does it feel to be someone who could not be more wrong if your name was W . Wrongy Wrongenstien???