EDF, the company behind plans to build Sizewell C power station, has welcomed the Energy White Paper and says it looks forward to working with the Government to achieve net zero.
The UK Government announced on December 14, 2020 its intention to enter into negotiations with EDF on funding arrangements for Sizewell C.
The Energy White Paper ‘Powering our Net Zero Future’ was also published and included an overview of key commitments. In it the Government states it is: “Aiming to bring at least one largescale nuclear project to the point of Final Investment Decision by the end of this Parliament, subject to clear value for money and all relevant approvals.”
Simone Rossi, EDF’s UK CEO said: “We’re right behind Net Zero, and by investing in renewables and nuclear at Hinkley Point C and Sizewell C we’re supporting decarbonisation while creating jobs across the UK. We will continue to help our customers find affordable, low carbon ways to travel and heat their homes and businesses.
“The time for action is now and we look forward to working with the Government to implement its energy and climate policies, including the financing of new nuclear.”
Humphrey Cadoux-Hudson, CBE, Managing Director, Nuclear Development also welcomed the announcement:
He said: “The Government’s decision to enter negotiations on Sizewell C is great news and further recognition of the vital role large scale nuclear will play in getting to net zero.
“The go-ahead for Sizewell C would bring the Green Industrial Revolution to life, creating thousands of British jobs and apprenticeships, and delivering a huge boost for thousands of nuclear supply chain companies up and down the country. It will be a project Britain can be proud of.
“We are eager to start discussions with the Government on a suitable financing model for the project and we look forward to the next phase of scrutiny of our plans by the Planning Inspectorate.
“Sizewell C will build on the great progress being made at Hinkley Point C and, as a copy, will benefit from lower construction and financing costs. We are confident that we can arrive at a funding solution which will provide value for money and help to lower energy bills for consumers.”