Sizewell C
Nuclear Power Station
Sizewell C nuclear power station is a project to construct a 3200 MWe nuclear power station with two EPR reactors in Suffolk, England
Sizewell C will be a 3.2-gigawatt power station with two EPR reactors that will generate low-carbon electricity for at least 60 years. It will be built next to Sizewell B, which began operating in 1995.
The project's developer initially aimed to secure funding by the end of 2024, but the timeline may now extend into 2025.
The project will use a regulated asset base (RAB) model to recoup investment, which means that investors' money will be returned through a surcharge on consumer energy bills. The government believes this model will save consumers £30 billion in the long run.
Potential investors are being invited to take part in a pre-qualification process which will help to identify those with substantial experience in delivering large infrastructure projects.
Location
The Sizewell C nuclear power station is located in the hamlet of Sizewell, on the Suffolk coast in England, United Kingdom. The exact location is on the southern coast of Suffolk, about 1.5 kilometers northeast of Leiston, Suffolk, and close to the towns of Felixstowe and Lowestoft. The coordinates for the station are 52.215°N 1.61972°E.
The station will be built on a 33 hectare site, next to the existing Sizewell A and Sizewell B nuclear power stations.
Investment Type
The Sizewell C nuclear power station in Suffolk, England will use a regulated asset base (RAB) model to recoup the money invested in the project. Investors' money is returned through a surcharge on consumer energy bills. This allows developers to collect regulated payments from suppliers while the project is being built.
Planning Status
The Sizewell C application was granted development consent on 20 July 2022, by the Secretary of State for Business, Energy and Industrial Strategy. SZC Co.
Funding
The UK government is the majority shareholder in the Sizewell C nuclear power station project and is investing up to £5.5 billion in funding to help reach a final investment decision. The project is also partly funded by the French energy company EDF. The Sizewell C project is expected to cost £20 billion. The project is expected to begin in 2024 and take between nine and twelve years to complete.
Responsbile Authority
The Department of Energy Security & Net Zero (DESNZ) is responsible for the Sizewell C nuclear power plant project. Caroline Botwood is the Senior Responsible Owner for the project
Contact
If you're interested in learning more about investing in Sizewell C, please reach out via the information below. The team can provide you with further details.
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