EDF delays final decision on Sizewell C. French energy giant now expects to leave it as late as 2023 before deciding whether to proceed with Suffolk nuclear power project. The timeline for EDF to decide whether to go ahead with the £20bn Sizewell C power station has slipped amid a lengthy planning approval process that is playing out as funding negotiations with ministers continue. The French power giant now expects to make a final investment decision on the Suffolk plant at the end of 2022 or in 2023, compared to its previous expectations of mid-2022. EDF is in negotiations with the Government about a funding deal for Sizewell C and will also need external investors. Legislation is likely to be brought forward to allow developers to recoup costs during construction from household energy bills. However, talks have been overshadowed in recent weeks by reports that ministers are seeking ways to block CGN from Sizewell and future UK nuclear projects. CGN has a 20pc development stake in Sizewell with an option to participate in the construction phase.
Telegraph 8th Aug 2021 read more »
The $28-billion Sizewell C nuclear station is touted as an anchor for Britain reaching net-zero emissions, yet its reactors will compete with wind farms over the North Sea horizon. On gusty days, where will the plant’s excess power go? Toward making hydrogen. Nuclear developers in Europe, North America and Russia are looking at the clean gas as an outlet for their low-carbon power to maximize revenue from one of the most expensive energy assets on the planet. They also want to capitalize on the $70 billion-plus pledged by governments to help develop the industry as a way to reach climate goals.
Business Mirror 8th Aug 2021 read more »