19 April 2024
Hitachi scraps Welsh nuclear project as UK drags heels over RAB finance model
Publication date: 16 September 2020
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The UK government has failed to draw up an innovative new funding model to underpin newbuild nuclear power stations in time to save its flagging atomic power programme. Hitachi today scrapped plans to build the 2.7 GW Wylfa Newydd nuclear project in Wales, having already frozen investment last January citing “the absence of a clear funding package”.
Hitachi subsidiary Horizon Nuclear Power today said it will ...
Photo: Horizon Nuclear Power