Sizewell C seeks investors, new financing model has yet to attract interest

The UK government has launched a process to find an investor for the Sizewell C nuclear power plant. Interested parties have been able to apply since the start of this week. The government is seeking to attract investors primarily with a new financing model, the so-called regulated asset base (RAB) model.

The UK is continuing preparations for the construction of the Sizewell C nuclear power plant. It is set to be the second nuclear power plant following a more than two-decade hiatus in construction. The first is Hinkley Point C.

Like the aforementioned Hinkley Point C, Sizewell C will generate electricity using two EPR reactors supplied by France's EDF. Although a final investment decision has not yet been made, it cannot be expected before 2025. Once commissioned, the plant is expected to supply electricity to around 6-7 % of British households for up to 60 years.

Before construction can begin, however, an investor for the project must be found. It is expected to take a stake of up to 60 %. The remaining 40 % is to be split equally between EDF and the UK government.