The climate crisis: achieving net zero with Sizewell C

In partnership with EDF Energy, the French Ambassador hosted representatives of potential investors in the Sizewell C project to build two nuclear reactors in Suffolk.

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On 25 June 2019, in partnership with EDF Energy, the French Residence played host to representatives of potential investors in the Sizewell C project to build two EPRs in Suffolk. The project’s financial engineering will be key to its success, with the potential use – for the first time in the nuclear field – of regulated asset base financing.

The investors, representing French and British pension funds and financial institutions, had the opportunity to hear, among others, Jim Al-Khalili (Professor of Theoretical Physics at the University of Surrey and a science commentator on the BBC) stressing the importance of nuclear power in combating climate change, and Andrew Stephenson (Parliamentary Under-Secretary of State for Business, Energy and Industrial Strategy BEIS), providing a reminder of his department’s commitment to nuclear energy, specifically with the Nuclear Sector Deal, and of the future publication of the White Paper on the issue.

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For his part, Colin Matthews (Non-Executive Chairman of EDF Energy) brought excellent news of the Hinkley Point C project – that the nuclear island’s concrete base has been completed on time - and Ambassador Jean-Pierre Jouyet reiterated France’s commitment to the success of Hinkley Point C and the smooth progress of the Sizewell C project.

Published on 15/07/2019

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