Caisse de dépôt invests $3.2B in United Kingdom nuclear power plant
The Caisse de dépôt et placement du Québec says it plans to invest the equivalent of $3.2 billion alongside the United Kingdom government in the Sizewell C nuclear power plant project.
The $1.7 billion investment represents a 20 per cent stake in the 3.2 GW project, which is expected to supply electricity for 60 years.
The announcement comes as a surprise, as Canadian company Brookfield was expected to be the British government's main partner.
Other shareholders include French company EDF, British multinational Centrica and Amber Infrastructure.
The Caisse says it plans to invest $8 billion in the U.K. over the next five years, which would increase its investments in the country by 50 per cent.
Quebec's pension fund also recently announced its intention to invest $400 billion in companies that are decarbonizing their activities in search of climate solutions.
The Sizewell C power plant would reduce the U.K.'s dependence on hydrocarbons and cut carbon emissions by 9 million tonnes per year.
Environmentalists are divided on nuclear energy as it offers an alternative to hydrocarbons in reducing CO2 emissions, but produces radioactive waste that must be managed for many years.
This report by The Canadian Press was first published in French on July 22, 2025.
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