The Independent Assessment of Nuclear Developments in the World

Home > News > Essential News > E.ON Pulls Out of Proposed New Reactor in Finland

E.ON Pulls Out of Proposed New Reactor in Finland

Thursday 25 October 2012

On 24 October 2012 German utility E.ON announced that it was going to sell its 34% in the plans to construct a nuclear power plant at Fennovoima in Finland. A spokesman for E.ON told Bloomberg that low power use and electricity prices were the cause of decision. However, E.ON is also selling its other assets in Finland, in order to focus its attention on the Danish and Swedish market. Two other companies, the meat processing company Atria and the S-Group retail chain announced earlier that they were divesting from Fennovoima. The Fennovoima project also recently dismissed its chief executive sayingit needed a different leader as it was entering a new phase. In these circumstance finding a replacement for the estimated €2 billion E.ON were expected to contribute is ‘expected to be very difficult’.

What They Say…

“The Report sets forth in painstaking detail the actual experience and achievements of nuclear energy around the world.”

Peter A. Bradford

Former commissioner
U.S. Nuclear Regulatory Commission (NRC)
(in his foreword to the 2013 report)
“A vital public service... Uniquely independent, thorough, and timely assessment."

Amory B. Lovins

Chairman, Rocky Mountain Institute
“This annual publication has over 20 years evolved into the most reliable, strikingly original, comprehensive and penetrating assessment of the global nuclear industry.”

Praful Bidwai

Financial Chronicle
Delhi, India
"Amid the hype and PR, the smoke and mirrors, of the 'nuclear renaissance', the Status Report offers a hard-edged reality check."

Walt Patterson

Associate Fellow Chatham House
London, UK
“Fantastic piece of work. Must reading for any observer of nuclear energy."

Henri Sokolski

Executive Director Nonproliferation Policy Education Center
Washington DC, USA
“Reliable research based on cold, hard facts, unlike the hype and amnesia of industry sources.”

Scott Ludlam

“Félicitations pour la dernière édition du WNISR. Formidable comme d'habitude!”

Fulcieri Maltini

International Consultant Former Director of the Nuclear Safety Account, EBRD
“Thought-provoking as usual.”

Will Dalrymple

Editor Nuclear Engineering International
"The authoritative report on the status of nuclear power plants worldwide is the World Nuclear Industry Status Report."


Bangkok, Thailand
“Such an illuminating report.”

Sam Geall

Deputy Editor China Dialogue
London, UK
"An astounding collection of facts and figures, a myth-busting international overview… An eye-opening piece of work!"

R. Andreas Krämer

Chairman Ecologic Institute
Berlin, Germany
“I really appreciate you letting us excerpt your report! It’s incredibly well researched and comprehensive, so thank you!”

Stuart Luman

Associate Editor Bulletin of the Atomic Scientists