Financial Times FT.com

European nuclear industry in grip of revival

By Rebecca Bream in London and Joshua Chaffin in Brussels

Published: July 2 2009 19:20 | Last updated: July 2 2009 19:20

Less than 25 years after the Chernobyl disaster, the European nuclear industry is witnessing a remarkable revival. The energy policies of several governments have shifted substantially over the past few years, driven by concerns over energy security and climate change, and many European Union members are looking to the construction of new nuclear reactors as a way to solve these problems.

France and Finland have been enthusiastic champions of nuclear power for some time and are leading the wave of new investment, with France’s Flamanville 3 and Finland’s Olkiluoto 3 plants due to start generating power in 2012.

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