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UK Revises Sizewell Nuclear Deal to Ease Delay Concerns

The UK is taking steps to ease concerns about the danger of delays in the planned Sizewell C nuclear facility, as it looks to attract private investors to the project.

The facility is important to the country’s aspirations to double nuclear power capacity over the next few decades in order to improve energy security and meet its 2050 net-zero emissions target.

To complete the project, the government is attempting to attract private investment through a method that shares the risk of building costs with the public.

There have been concerns about the sustainability of the funding model, particularly in light of challenges faced by similar projects such as Hinkley Point C, which experienced delays and rising costs.

Source: Energy Ghana