22 Sep '11, 9am

Great news if you're anti-nuclear, worrying news if you want reactors built fast - SSE admits it could leave consortium

Scottish and Southern Energy (SSE) has confirmed it is actively considering dropping its interest in building new nuclear power plants in the UK in order to increase its focus on renewable energy. In a move that is likely to be hailed as a major breakthrough by anti-nuclear and pro-renewables campaigners, the energy giant revealed it is in talks to leave the NuGen consortium that could result in it selling its 25 per cent stake to current partners Iberdrola and GDF Suez. FURTHER READING Lib Dems vote in favour of nuclear windfall tax World Bank: Ditch fossil fuel subsidies to address climate change An SSE spokesman told the Financial Times that "a review of our involvement in new nuclear is currently under way". He added that the company "expected to make an announcement shortly". Speaking to BusinessGreen , a spokeswoman for SSE confirmed a review was under way, but decli...

Full article: http://www.businessgreen.com/bg/news/2111183/sse-set-aban...

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