The UK government is making it easier to invest in nuclear power stations, lowering the table stakes with a new financing model which they hope will attract local private investors in place of overseas developers. The announcement on Oct. 26 does not mention the government’s growing discomfort over the involvement of a Chinese state-backed developer in building its flagship £20 billion ($27.5 billion) nuclear reactor. But the new financing model, which shifts the financial risk to consumers, provides a mechanism to now squeeze out CCP-backed CGN from its 20 percent stake in Sizewell C without invoking national security laws that would likely crank up tensions with Beijing. The current funding model means that only international corporations with deep pockets can afford the risk and time scale of investing in the multi-billion pound power plants. “The existing financing scheme led to too many overseas nuclear developers walking away from projects, setting Britain back …
New Nuclear Funding Model Frees UK to Squeeze out Chinese Investment
October 26, 2021
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