China’s CGN out of favour in plans about new Sizewell C large nuclear plant; possible UK Government funding back in the mix? Will the Wylfa nuclear project come back to life as an AP1000 site, multiple SMRs or will it stay asleep? It is clear that the buck will stop with the UK Government if the nuclear industry is to be revived, yet the UK Government is still aggressively backing offshore wind. Current nuclear plants have a hint of urgency due to short-term crisis; UK Government involvement needs better finance plans than Hinkley Point C where long term expensive power prices are locked in. Investors interested in nuclear power need to wait to see how this plays out, but SMR reactors could get a life.
Seeking Alpha 28th Sept 2021 read more »