{"id":382936,"date":"2025-06-12T09:31:39","date_gmt":"2025-06-12T07:31:39","guid":{"rendered":"https:\/\/climatescience.press\/?p=382936"},"modified":"2025-06-12T09:31:40","modified_gmt":"2025-06-12T07:31:40","slug":"govt-to-invest-14-2-bn-in-sizewell-c","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=382936","title":{"rendered":"Govt To Invest \u00a314.2 Bn In Sizewell\u00a0C"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

From NOT A LOT OF PEOPLE KNOW THAT<\/a><\/p>\n\n\n\n

By Paul Homewood<\/p>\n\n\n\n

The Government has also just announced the go-ahead for Sizewell C:<\/strong><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n
\"\"<\/figure>\n\n\n\n
\"\"
https:\/\/www.gov.uk\/government\/news\/thousands-of-jobs-to-be-created-as-government-announces-multi-billion-pound-investment-to-build-sizewell-c<\/a><\/figcaption><\/figure>\n\n\n\n

The \u00a314.2 billion mentioned will be direct government investment in the project, which will still be owned by EDF. Private investors are still being sought, and a Final Investment Decision is expected next month.<\/p>\n\n\n\n

The Telegraph<\/a> comment:<\/p>\n\n\n\n

The costs for Hinkley Point C, under construction in Somerset, have risen from around \u00a320 billion to at least \u00a342 billion with some experts warning the final bill will come close to \u00a350 billion when it starts operating around 2031.<\/em><\/p>\n\n\n\n

Such unpredictable construction costs have made it difficult for the Government to find any companies willing to invest in Sizewell C.<\/em><\/h4>\n\n\n\n

EDF, the French state energy company which is building Hinkley, has progressively reduced its stake in Sizewell C leaving the Government holding 84pc.<\/em><\/p>\n\n\n\n

Officials have been seeking foreign state investment including from the United Arab Emirates.<\/em><\/p>\n\n\n\n

Mr Miliband still refuses to divulge the estimated final cost of Sizewell C and negotiations with prospective partners are thought to still be under way. The best estimates to date suggest the power station will cost about \u00a340 billion.<\/em><\/p>\n\n\n\n

The money will come initially from the Treasury but it and other investors will recover the construction costs via a new levy, known as the Regulated Asset Base, to be added to consumer and business energy bills.<\/em><\/p>\n\n\n\n

Kathryn Porter comments:<\/p>\n\n\n\n

\u201cIt\u2019s hard to imagine a \u201cgolden age\u201d of nuclear power with EDF\u2019s outdated and troubled reactor design. EDF in France is already looking to the next generation \u2013 building another of these older versions is a retrograde step. It\u2019s also highly unlikely that Sizewell C would be built faster than Hinkley given the lengthening of supply chains.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

The Government has also just announced the go-ahead for Sizewell C<\/p>\n","protected":false},"author":121246920,"featured_media":382944,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691819627,691831484,691818154,691818206,691835777],"class_list":{"0":"post-382936","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-clean-energy","9":"tag-energy-secretary-ed-miliband","10":"tag-net-zero","11":"tag-nuclear-power","12":"tag-sizewell-c","14":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/06\/0Screenshot-2025-06-12-093043.png?fit=1541%2C847&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1BCo","jetpack-related-posts":[{"id":209544,"url":"https:\/\/climatescience.press\/?p=209544","url_meta":{"origin":382936,"position":0},"title":"UK government grants consent for Sizewell C nuclear power station","author":"uwe.roland.gross","date":"21\/07\/2022","format":false,"excerpt":"Existing Sizewell B nuclear power station The usual climate\/energy malcontents don\u2019t like it, but there\u2019s not much they do like that anyone who values reliability of supply, i.e. most of the public, could or should have confidence in. The main question is: how many years will it be before any\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/07\/0sizewell-b.jpg?fit=1024%2C683&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/07\/0sizewell-b.jpg?fit=1024%2C683&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/07\/0sizewell-b.jpg?fit=1024%2C683&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/07\/0sizewell-b.jpg?fit=1024%2C683&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":383350,"url":"https:\/\/climatescience.press\/?p=383350","url_meta":{"origin":382936,"position":1},"title":"DESNZ Spending Budget To Rise To \u00a312.6 Billion A\u00a0Year","author":"uwe.roland.gross","date":"15\/06\/2025","format":false,"excerpt":"The already bloated DESNZ has just been handed an astonishing real terms increase of 15.6% in its budget for the next five years in Rachel Reeves\u2019 latest Spending Review","rel":"","context":"In \"Department for Energy and Net Zero (Desnz)\"","block_context":{"text":"Department for Energy and Net Zero (Desnz)","link":"https:\/\/climatescience.press\/?tag=department-for-energy-and-net-zero-desnz"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/092-922446_falling-burning-money-png.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/092-922446_falling-burning-money-png.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/092-922446_falling-burning-money-png.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/092-922446_falling-burning-money-png.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/092-922446_falling-burning-money-png.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":416020,"url":"https:\/\/climatescience.press\/?p=416020","url_meta":{"origin":382936,"position":2},"title":"Sizewell C Levies","author":"uwe.roland.gross","date":"04\/12\/2025","format":false,"excerpt":"The Regulated Asset Base (RAB) is a financing mechanism used in the UK to fund large-scale infrastructure projects, such as nuclear power stations, by combining private investment with regulated revenue streams. It has been applied to sectors like water, energy grids, and transport for decades.","rel":"","context":"In \"Energy Prices\"","block_context":{"text":"Energy Prices","link":"https:\/\/climatescience.press\/?tag=energy-prices-2"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/12\/0Screenshot-2025-12-04-190100.png?fit=1200%2C645&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/12\/0Screenshot-2025-12-04-190100.png?fit=1200%2C645&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/12\/0Screenshot-2025-12-04-190100.png?fit=1200%2C645&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/12\/0Screenshot-2025-12-04-190100.png?fit=1200%2C645&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/12\/0Screenshot-2025-12-04-190100.png?fit=1200%2C645&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":342605,"url":"https:\/\/climatescience.press\/?p=342605","url_meta":{"origin":382936,"position":3},"title":"Ed Miliband considers scrapping planned nuclear\u00a0plant","author":"uwe.roland.gross","date":"11\/09\/2024","format":false,"excerpt":"Plans to build a large nuclear power station in Wales are at risk of being scrapped as Ed Miliband seeks to accelerate Britain\u2019s switch to a net zero electricity grid.","rel":"","context":"In \"Ed Miliband\"","block_context":{"text":"Ed Miliband","link":"https:\/\/climatescience.press\/?tag=ed-miliband"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/09\/0-Wylfa-in-Wales-1024x682-2.webp?fit=1024%2C682&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/09\/0-Wylfa-in-Wales-1024x682-2.webp?fit=1024%2C682&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/09\/0-Wylfa-in-Wales-1024x682-2.webp?fit=1024%2C682&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/09\/0-Wylfa-in-Wales-1024x682-2.webp?fit=1024%2C682&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":383382,"url":"https:\/\/climatescience.press\/?p=383382","url_meta":{"origin":382936,"position":4},"title":"How Much Does The UK Govt Spend On Net\u00a0Zero","author":"uwe.roland.gross","date":"16\/06\/2025","format":false,"excerpt":"We looked at the new Spending Review, which has allocated \u00a345.1 billion to Mad Miliband\u2019s DESNZ to spend in the next four years.","rel":"","context":"In \"decarbonisation\"","block_context":{"text":"decarbonisation","link":"https:\/\/climatescience.press\/?tag=decarbonisation"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/12\/0net-zero-istock-1190148959.jpg?fit=1200%2C761&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/12\/0net-zero-istock-1190148959.jpg?fit=1200%2C761&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/12\/0net-zero-istock-1190148959.jpg?fit=1200%2C761&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/12\/0net-zero-istock-1190148959.jpg?fit=1200%2C761&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/12\/0net-zero-istock-1190148959.jpg?fit=1200%2C761&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":245423,"url":"https:\/\/climatescience.press\/?p=245423","url_meta":{"origin":382936,"position":5},"title":"The RSPB is Betraying its Members","author":"uwe.roland.gross","date":"24\/02\/2023","format":false,"excerpt":"Dear RSPB, it\u2019s simple. Protect birds. Oppose things that kill birds.","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/02\/00img_5376.jpg?fit=1200%2C900&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/02\/00img_5376.jpg?fit=1200%2C900&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/02\/00img_5376.jpg?fit=1200%2C900&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/02\/00img_5376.jpg?fit=1200%2C900&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/02\/00img_5376.jpg?fit=1200%2C900&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/382936","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/users\/121246920"}],"replies":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=382936"}],"version-history":[{"count":6,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/382936\/revisions"}],"predecessor-version":[{"id":382946,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/382936\/revisions\/382946"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/media\/382944"}],"wp:attachment":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=382936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=382936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=382936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}