Sizewell C uncertainty mounts as potential backer rules out support for nuclear plant. Legal & General (L&G) has ruled out helping to fund the new Sizewell C nuclear power plant in Sussex.
New Civil Engineer23rd Feb 2021 read more »
A planned nuclear power station at the Sizewell facility on the Suffolk coast has suffered a significant setback after major investors have ruled out providing funding for the £20bn project, according to reports. Legal and General Capital – the investment arm of the financial services company – has reportedly said it is not backing French energy firm EDF’s Sizewell C plans, which involve building two new reactors at the site. L&G has not made a public announcement, but according to The Daily Telegraph, in a written response to a pension-holder, one of its investment service consultants said: “I have had it confirmed that Legal & General will not be investing in the Sizewell C nuclear power plant.”
Independent 22nd Feb 2021 read more »