EDF secures further funding for Hinkley Point C in new settlement December 1, 2022 EDF has secured 14 years of funding for the UK's upcoming nuclear plant Hinkley Point C in case of the risk of further delays.
Sizewell C is not enough to meet UK energy ambitions, warns nuclear boss November 28, 2022 The Government needs to approve more projects to boost the role of nuclear power in the UK's energy mix, warned NIA boss Tom Greatrex.
Government backs Sizewell C as Hunt approves £700m funding November 17, 2022 The UK's nuclear ambitions were given a fresh vote of confidence from the Government today, with Sizewell C set for £700m funding.
Government in danger of missing nuclear targets, warns industry boss November 16, 2022 The Government is in danger of missing pledged targets to ramp up nuclear power and boost the UK's supply security.
Hinkley Point C could have saved customers £4bn this year, says financing chief November 2, 2022 Hinkley Point C could have saved households more than £4bn in energy bills this winter, argued the financing director of Sizewell C.
Mr Kwarteng goes to Washington: Business Secretary heads Stateside to lure nuclear investors May 15, 2022 The Business Secretary will seek to lure US investment in new nuclear plants, as the UK aims to reduce its reliance on Chinese investment.
‘Great uncertainty’ over nuclear plants’ delivery following opposition to Chinese investor May 9, 2022 The delivery of Essex-based nuclear plant Bradwell faces “great uncertainty” after political opposition has mounted against the involvement of a Chinese investor. EDF told shareholders that, without Chinese backing, it is no longer obliged to continue funding the project. The French energy giant also said, if China were exit the deal, EDF would also need [...]
Rolls-Royce to unveil funding for smaller UK nuclear reactors November 8, 2021 Rolls-Royce will announce it has successfully raised the required funds to start building its smaller scale nuclear reaction project in the UK. The aerospace company is leading a consortium of investors for a new smaller nuclear reactor project, based on technology used in nuclear submarines. The plan is to initially build four small modular reactors [...]
Ministers near deal to oust China’s CGN from £20bn nuclear plant by selling stake September 29, 2021 Ministers are closing in on a deal that could oust China’s CGN from a new £20bn nuclear power station on the UK’s east cost, by selling its minority stake to institutional investors or floating it on the stock market. Under the proposed plans, China’s state-owned CGN would be removed from the project after relieving its [...]
UK looks to remove China’s CGN from nuclear energy projects July 26, 2021 Britain is said to be exploring ways to remove China’s state-owned nuclear energy company China General Nuclear Power Group (CGN) from all future power projects in the UK. The more hawkish policy will cast doubts over a £20bn project to build the Sizewell C nuclear power station in Suffolk, which is being led by French [...]