Politics
Eye-Watering Energy Prices Spark a Nuclear Power Rethink
- Philippines to adopt nuclear and may start 37-year-old plant
- Finland’s Fortum applies to extend Loviisa lifespan to 2050
This article is for subscribers only.
Soaring fossil fuel prices and rising demand for clean energy have governments around the world reconsidering nuclear power programs that had been left for dead amid safety concerns and massive cost overruns.
Finland and the Philippines are the latest to show their support for nuclear, after Germany, South Korea and others softened opposition to the sector. Philippine President Rodrigo Duterte ordered the energy department to adopt a nuclear energy program and possibly revive a plant built almost four decades ago but never used due to safety and corruption issues. In Europe, Fortum Oyj is seeking to extend the lifespan of its Loviisa station in Finland by 20 years to 2050.