Sergey Kondratiev, Principal Director on Economic Studies at the Institute for Energy and Finance, commented to the internet portal BaltNews on the nuclear energy development in the EU.
Sergei Kondratiev noted that such a scenario could be a turning point for the entire European energy industry, but it will take a decade, and most likely even longer. At the same time, many countries do not intend to work with Russian Rosatom in the EU for political reasons. The company has tremendous experience and the largest portfolio of orders worldwide, executes contracts on time. Alas, only Hungary is ready to cooperate with this company.
"In 2024, many countries will continue to turn towards the development of nuclear energy. Europe sees that mineral prices continue to be expensive, and volatility from the market does not disappear anywhere. Because of this, there has been a serious outflow of investments in the region for more than a year. Enterprises in the Old World cannot compete with companies from other regions of the world due to high energy costs," Kondratiev noted.
"For this reason, it is quite possible to expect an attempt from the leadership of a number of European countries to arrange a kind of renaissance of nuclear energy in 2024 and subsequent years. But the problem is that it won't work quickly. In 2024, we will only be able to see discussions on new nuclear power plant construction projects and the provision of feasibility studies for new reactors by companies. First of all, this should concern France, possibly Sweden and some Eastern European states," the expert added.
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