Many investors don't realise that the cost of power will likely make the Chvaletice project in Czech Republic uneconomic and unviable. The greenie push for renewables has currently devastaed the EU which high power costs and blackouts.
Bohemia Energy, one of the biggest electricity and gas suppliers in the Czech Republic, now bankrupt.
Czech power company Bohemia the latest price crisis casualty
Bohemia Energy, one of the biggest electricity and gas suppliers in the Czech Republic, halted operations on Wednesday to become the largest group in the country to buckle under a Europe-wide jump in energy costs.
https://www.reuters.com/world/europ...-down-citing-surging-power-prices-2021-10-13/
Bohemia Energy is bankrupt. Czechs needn’t worry about gas & electricity supplies (just skyrocketing prices)
https://english.radio.cz/bohemia-en...y-about-gas-electricity-supplies-just-8731232
"Czech energy prices have been setting new records recently. Since the beginning of 2021 the cost of electricity has more than doubled, while gas now costs 150 percent more, iHned.cz said."
Who in their right mind would want to set up a power intensive business in the EU.
The cost of charging an EV will be so expensivethat the average person won't be able to afford it millions of people are already entering energy poverty in Europe.
"Considering the average 2.3 members per household in the EU, this means that more than 100 million people, or approximately one out of four EU citizens, suffer from some form of energy poverty."
https://www.euractiv.com/section/en...uld-worsen-poverty-for-millions-of-europeans/
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