They are, it seems, in dire straights financially. Due to problems in the US nuclear power generation field. And one of the major players in proposed new stations in the UK.
So as the costs of installing renewables are falling, the costs of nuclear causes a chairman to resign.
Of course it could never happen here. Every major project always comes in on budget. Regardless of the value of the pound.
Yes but to be fair I think that Toshiba have too many fingers in too many pies that are not cooking as well as they should be. Often happens if the things you diversify into all underperform at the same time unfortunately. Nobody has invented the crystal ball.
I used to be a fan of their electronics, Had a video, a cd player and really wanted some of their globe speakers but never found any of the latter that were cheap enough.
Brian
The costs of renewables are not falling. Neither are the subsidies. The costs of nuclear are being deliberately driven up by use of green scare tactics leading to massive over-regulation.
renewable energy has killed so many many more people than nuclear ever will.
The only UK nuclear plant actually going ahead at the moment is Hinkley Point C, led by EDF with 33% Chinese funding.
The next most advanced prospect comes from Horizon (owned by Hitachi) which proposes Advanced Boiling Water reactors at the old Magnox sites, Wylfa and Oldbury.
The NuGen proposal for Westinghouse reactors at a new site in Cumbria (Moorside) always was more tentative even before Toshiba's present difficulties.
I'd have said the Chinese proposal to build a Chinese design at Bradwell was probably more "solid" even though the regulators have not yet given generic clearance for the design.
Nuclear power has never,and never will be,financially viable.
If they had as many regulatory powers on house building to make them as safe as nuclear generation there wouldn't be any houses. Even more so wind turbines and solar panels.
The only economical way of reaching the goal of reducing CO2 is to kill
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