US giant Apollo to back Hinkley Point C with £4.5bn loan June 20, 2025 US private capital group Apollo Global will back the Hinkley Point C nuclear power station with a £4.5bn loan, according to reports. The loan will be provided as unsecured debt to EDF, the French state-owned energy firm delivering the project, at an interest rate of just under seven per cent, sources told the FT. While [...]
Reeves to lay out 10-year infrastructure plan worth £725bn June 15, 2025 Chancellor Reeves is set to deliver a 10-year infrastructure strategy plan which will lay out efforts to boost growth and upgrade services across the UK. The new blueprint for UK infrastructure will come around a week after Reeves delivered the Spending Review, which marked out £190bn in extra government spending commitments for the years between [...]
Green light for Sizewell C as £14.2bn to go to major nuclear project as part of Spending Review June 10, 2025 The UK’s nuclear energy capacity is set to receive a major boost after the government confirmed it would put up the funds for the Sizewell C plant, ending months of uncertainty. Funding for the project is set to be announced by Chancellor Rachel Reeves alongside a decision on the Small Modular Reactor (SMR) competition at [...]
Spending Review: Biggest winners and losers in transport and infrastructure June 9, 2025 Rachel Reeves is set to unveil billions of pounds of investment this week in the spending review, as she looks to fend off criticism over recent cuts. This has made transport and infrastructure one of the big winners of Wednesday’s official announcement. Some £15bn has already been earmarked for public transport projects outside London in [...]
Sizewell C nuclear power station to get green light in July June 3, 2025 Sizewell C well get the green light at the Franco-British summit in July as talks between ministers and the private sector continue. The UK government is expected to reaffirm its intention to invest in the nuclear power station at the spending review on June 11, with details about how much taxpayer support the project will [...]
Hercules PLC: Powering Britain’s infrastructure ambitions May 21, 2025 The UK stands on the cusp of an unprecedented infrastructure revolution. With governmental commitments indicating significant investment (plans previously cited at £700bn-£750bn), the nation is poised to transform its transport networks, energy systems, and digital infrastructure. This undertaking will not only require capital but also a large, skilled workforce that can adapt to the nation’s [...]
EDF’s two nuclear plants should be negotiated as one, French minister says April 25, 2025 EDF’s two nuclear construction schemes at Hinkley Point and Sizewell C should be treated as one financial venture in negotiations, according to France’s energy minister. Marc Ferracci told the FT he had held discussions with the UK’s energy minister Ed Miliband at the sidelines of a conference in London on Thursday. “France and EDF are [...]
Auditor says EDF should push back decision on Sizewell C investment January 14, 2025 EDF should not make a final investment decision on the Sizewell C nuclear project until it has reduced exposure to its sister development, Hinkley Point C, according to France’s state auditor. In comments published on Tuesday, the Cour des comptes also said the French nuclear company should not take on new nuclear developments at home [...]
‘A speculative figure’: Cost of Sizewell C nuclear plant nearly doubled since 2020 January 14, 2025 The cost of building Sizewell C nuclear power station in Suffolk could reach nearly £40bn, according to reports. Developer EDF and the UK government anticipated the project’s final price tag would be around £20bn in 2020, as it struggled to bring down construction costs and reduce delays. But the Financial Times on Tuesday reported the [...]
Centrica and EDF extend lifespan of four UK nuclear power plants December 4, 2024 Ministers see nuclear power as vital to hitting looming emissions targets, given wind and solar power projects are reliant on weather conditions.