The United Kingdom’s government has bought an option to acquire a 20% stake in the 3.3 GW Sizewell C nuclear power plant, located on the Suffolk coast in eastern England (United Kingdom).
The British government had taken a £100m (€116m) option to invest in Sizewell C’s holding company in January 2022, before announcing in June 2022 that it would convert that into equity if the project reaches a final investment decision (FID). The Regulated Asset Base (RAB) model that the UK will use will see projects receive a regulated payment from electricity suppliers, helping develop such large infrastructure projects. Total investment in Sizewell C was recently revaluated by 11-18%, from £17-18bn (€20-21bn) to £20bn (€23bn).
The project is currently jointly owned by EDF (80%) and China General Nuclear Power (CGN) (20%), and this decision may remove CGN from the project amid concerns over China’s involvement in critical British infrastructure.
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