Recent policy shifts across the world include a total phase-out of nuclear power by Switzerland, resulting from a referendum; France’s new President confirming the nuclear transition down to 50% of the market, and appointing an anti-nuclear Environment Minister, M Hulot; South Korea having two presidential candidates, both anti-nuclear, the winner announcing a complete phase-out, putting its nuclear operator KEPCO in a tight spot, including in talks with the UK.
KEPCO have offered to step into the UK Nugen Moorside (Sellafield) crisis caused by profound financial problems at leading developer Toshiba. KEPCO insist that their own reactor is used, not Toshiba’s Westinghouse model. It seems KEPCO have lost their home market, with projects remaining only in a Gulf state and possibly India.
Japan’s Toshiba crisis, caused by the collapse of its nuclear business in the USA, occurs alongside continued shutdown for most of the country’s nuclear reactors. Despite government support, local opposition and court cases have blocked all but five reactors being restarted. No wonder Toshiba has said it is done with nuclear business: it too has also lost its home market.