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UK-based Horizon Nuclear Power announced that it will cease its activities to develop nuclear new-build projects at Wylfa Newydd on Anglesey and at Oldbury on Severn in South Gloucestershire. This followed the decision by Horizon’s parent company, Japan’s Hitachi Ltd, it would end business operations on the UK NPP construction project, which was suspended in January 2019.

Date: Friday, 18 September 2020
Original article: neimagazine.com/news/newshorizon-to-cease-activities-on-uk-nuclear-projects-8136080

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

The Department for Business, Energy & Industrial Strategy (BEIS) has launched a consultation until 14 September on draft regulations that aim to enable a domestic nuclear safeguards regime following the UK's withdrawal from the European Atomic Energy Community (Euratom) as part of its departure from the European Union.

Date: Thursday, 12 July 2018
Original article: world-nuclear-news.org/Articles/UK-s-post-Brexit-nuclear-plans-face-scrutiny

The UK government on 15 September approved Electricite de France’s (EDF’s) GBP18bn ($24bn) project to build two Areva-designed European Pressurised Water Reactors (EPRs) at the Hinkley Point C site. However, the government has set new conditions on EDF and its Chinese partner, China General Nuclear Power Corporation (CGN), which is set to invest in Hinkley through its new company, General Nuclear International. The UK confirmed previously that EDF would initially have a 66.5% stake in the project, with CGN taking 33.5%.

Date: Tuesday, 20 September 2016
Original article: neimagazine.com/news/newshinkley-approved-china-welcomes-decision-5010145


Hiroaki Nakanishi, chairman and CEO of Hitachi, said on 30 January that the setbacks experienced by EDF in developing the Hinkley Point C nuclear power plant in the UK raised questions about how future NPPs, including its GBP14bn ($19.9bn) Wylfa Newydd project on Anglesey are to be funded.

Date: Monday, 01 February 2016
Original article: neimagazine.com/news/newsuncertainty-over-hinkley-point-echoed-by-hitachi-4798508