EU Needs $460 Billion Investment To Maintain Nuclear Power Capacity

The European Union will need up to $462 billion (450 billion euros) in investment just to keep the current level of its nuclear power generation capacity, the EU Commissioner for Energy, Kadri Simson, said at a nuclear energy forum this week. Nuclear power will have an important role to play in the EU’s climate targets of low-carbon electricity generation, Simson said at the European Nuclear Energy Forum in Prague.

  “The backbone of the future European carbon free power system will be predominantly renewables. But the reality…