UK Inks Investment Deals on £38 Billion Nuclear Plant

The UK announced final approval for the Sizewell C nuclear power plant after securing private investment in the £38 billion ($51 billion) project that will help advance the government’s energy and climate goals.

The British government will retain a minority stake of 44.9%, while other investors include French state-owned Electricite de France SA, Caisse de Dépôt et Placement du Québec, Centrica Plc and Amber Infrastructure Group Ltd. The backing from private investors is seen by the government as a key victory as the UK tries to drive economic growth.