Sizewell C - Possible Investors
Posted: 9th December 2024
Five investors are involved in the bidding to take potential stakes in the Sizewell C nuclear plant being built in Britain by the government and France’s EDF, the project developer told Reuters on Thursday. Britain’s Labour government has said nuclear plants will play an important role in helping the country meet its climate targets and decarbonise its electricity sector. It is seeking investors in the Sizewell C nuclear plant and aiming to take a financial investment decision next year on taking the project forward. “We have five investors in the process and potentially more,” Nigel Cann, Sizewell C managing director, said on the sidelines of an industry event. The potential investors are split between traditional financial investors, pension funds and industry, he said.
Reuters 5th Dec 2024
UK Seeks More Investors as Sizewell Funding Talks Drag On. The UK government is speaking with investors beyond the core group of existing bidders for a stake in the country’s Sizewell C nuclear plant as talks to finalize the project’s funding continue. The UK government is speaking with investors beyond the core group of existing bidders for a stake in the country’s Sizewell C nuclear plant as talks to finalize the project’s funding continue. The country recently delayed funding for the project until at least spring 2025, pushing back a previous target to take a final investment decision by the end of the year. Finding investors willing to participate in new nuclear plants is crucial to plans to cut emissions and reach 2050 net zero goals.
Financial Post 5th Dec 2024
The UK government is in discussions with investors outside the core group of existing bidders for an interest in the Sizewell C nuclear plant, as negotiations to finalise the project’s funding proceed. The discussions come at a pivotal time as the UK seeks to secure investments to modernise its power infrastructure by 2030, as reported by Bloomberg. The project’s funding has been postponed until at least spring 2025, a delay in the initial goal of a final investment decision by the end of 2024. According to Sizewell C managing director Nigel Cann, the investment process is currently oversubscribed, with all initial bidders still in contention and new investor interest now being evaluated.
Power Technology 6th Dec 2024