U.K. Nuclear’s Future Left in Limbo as Investors Walk Away
- Government struggling to find investors for expensive projects
- U.K. says still committed to building new large nuclear plants
Photographer: Christopher Furlong/Getty Images
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The cancellation of a British nuclear project heaped yet more pressure on the government to find a way to build the low-carbon power source that’s seen as a crucial part of the nation’s future energy mix.
Hitachi Ltd.’s decision to pull the plug on its long planned Wylfa project leaves Electricite de France SA alone in building new reactors in Britain. Whether any more are built hinges on the British government finding a finance model that’s palatable to investors.