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The proposed changes to the funding model for new nuclear cleared their first hurdle, as members of the UK parliament's second chamber debated the Nuclear Energy (Financing) Bill for the first time.
- Source: World Nuclear News
- Date: Thursday, 24 February 2022
- Original article: world-nuclear-news.org/Articles/UK-s-House-of-Lords-considers-new-nuclear-financin
A newly signed Memorandum of Understanding could see investment of up to GBP900 million (USD1.2 billion) in the Welsh nuclear supply chain if the Sizewell C nuclear power plant project receives the go-ahead from the UK government. The MoU between the Sizewell C Consortium and the Welsh government follows news last week that Horizon Nuclear Power had withdrawn its planning application for the Wylfa Newydd project on Anglesey.
- Source: World Nuclear News
- Date: Saturday, 06 February 2021
- Original article: world-nuclear-news.org/Articles/Sizewell-C-consortium-Welsh-government-sign-MoU
Horizon Nuclear Power has been holding "detailed conversations" with the UK government in recent weeks to persuade ministers that the proposed Wylfa Newydd plant on Anglesey could be quickly re-mobilised if they can produce a new financing model for large nuclear power plants in Britain, according to an article in the Financial Times on 16 August. A decision on Wylfa’s planning application is expected by the end of next month.
- Source: World Nuclear News
- Date: Thursday, 20 August 2020
- Original article: world-nuclear-news.org/Articles/Horizon-waiting-for-chance-to-restart-new-build-pr
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.
- Source: World Nuclear News
- 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.
- Source: World Nuclear News
- Date: Tuesday, 23 July 2019
- Original article: world-nuclear-news.org/Articles/UK-considers-Regulated-Asset-Base-model-to-finance
Horizon Nuclear Power today outlined the procedure it will follow now that its new-build projects have been suspended. The UK subsidiary of Japan’s Hitachi said it had made substantial progress with its plans to provide at least 5.4 GWe of new capacity across two sites - Wylfa Newydd, in north Wales, and Oldbury-on-Severn, in southwest England - by deploying Hitachi-GE UK advanced boiling reactors (UK ABWRs).
- Source: World Nuclear News
- Date: Friday, 18 January 2019
- Original article: world-nuclear-news.org/Articles/The-next-steps-for-Horizon