Skip to content
Subscriber Only

EDF Nuclear Plants Get Boost From U.K. Low Carbon Funds

The U.K.’s plan to collect 7.6 billion pounds ($12 billion) for low-carbon projects by 2020 would advance Electricite de France SA’s nuclear plants and add about a third to consumer electricity bills, analysts said.

The sum, announced yesterday by the Department of Energy and Climate Change, will help pay for the 1.1 billion pounds of support a year needed to build two European Pressurized Reactors made by Areva SA for use at EDF sites in England, as well as renewable plants, according to Credit Suisse Group AG.