Hitachi has officially withdrawn from the Wylfa Newydd nuclear power plant project on the island of Anglesey, in North Wales (United Kingdom), citing rising costs and worsening investment climate. The project would have comprised two Advanced Boiling Water Reactors (ABWRs) with a combined capacity of 2,760 MWe on the site of the former 980 MWe Wylfa nuclear power plant. The company has been unable to reach a financing agreement with the UK government and stopped the project for economic reasons in January 2019. In August 2020, Hitachi, through its subsidiary Horizon Nuclear Power, tried to revive the project. The Japanese conglomerate was awaiting the UK’s new energy strategy, which was expected to include a new financing scheme for nuclear power, which woul make consumers bear part of the costs of investments with a contribution that would be added to their electricity bills.
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