The United Kingdom Government has given its consent for the planned 3.2 GW Sizewell C nuclear power plant to be built in Suffolk County, southeastern England. Negotiations with the British government on raising funds for the project are continuing and a Financial Investment Decision is expected in 2023. The plant is expected to help the UK become more energy independent and meet its 2050 net-zero emission target.
The Sizewell C project is currently jointly owned by French utility EDF (80%) and China General Nuclear Power (CGN) (20%). However, the UK decided in June 2022 to buy an option to acquire a 20% stake in the project. In 2021, nuclear represented 6.5% of the UK’s total installed capacity with 6.5 GW and 15% of its power generation with 46 TWh. The country plans to get 25% of its electricity from nuclear by 2050.
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