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Hitachi announced today it will end its business operations on the Wylfa Newydd nuclear power plant construction project, which it had suspended in January 2019 "because it was clear that further time was needed to decide on a financing structure". Horizon Nuclear Power, the UK project developer that Hitachi acquired in November 2012, said it will now take steps for the "orderly closing down" of all its current development activities, but will "keep the lines of communication open" with government and other key stakeholders regarding future options at both its sites, which in addition to Wylfa Newydd on Anglesey, include Oldbury on Severn in South Gloucestershire.

Date: Thursday, 17 September 2020
Original article: world-nuclear-news.org/Articles/Hitachi-withdraws-from-UK-new-build-project

The UK has opened for consultation its assessment of a new financing model aimed at reducing the cost of new nuclear power plant projects by having consumers pay upfront through their energy bills. A solution is needed urgently because nuclear energy is seen as a vital part of the government's commitment to cutting the country's carbon emissions to net zero by 2050. Seven of the UK’s eight existing nuclear plants are set to be retired by 2030.

Date: Tuesday, 23 July 2019
Original article: world-nuclear-news.org/Articles/UK-considers-Regulated-Asset-Base-model-to-finance

The UK has opened for consultation its assessment of a new financing model aimed at reducing the cost of new nuclear power plant projects by having consumers pay upfront through their energy bills. A solution is needed urgently because nuclear energy is seen as a vital part of the government's commitment to cutting the country's carbon emissions to net zero by 2050. Seven of the UK’s eight existing nuclear plants are set to be retired by 2030.

Date: Tuesday, 23 July 2019
Original article: world-nuclear-news.org/Articles/UK-considers-Regulated-Asset-Base-model-to-finance

EDF Energy CEO Vincent de Rivaz told UK parliament's Energy and Climate Change Committee on 23 March that the Hinkley Point C nuclear project in the UK will "clearly and categorically" go ahead with a final investment decision at the beginning of May. He said: "It will go ahead because we have the expertise, the supply chain and our long-standing partners CGN [China General Nuclear]. We are confident in this project and in the EPR technology."

Date: Saturday, 26 March 2016
Original article: neimagazine.com/news/newsuk-parliament-scrutinises-uk-plans-4847996