Latest news with #TogetherAgainstSizewellC
BBC News
28-07-2025
- General
- BBC News
Sizewell C sets up new grant-giving east Suffolk nature charity
Sizewell C has launched a new grant-giving charity with two councils to "enhance biodiversity and restore landscapes", it Suffolk Trust (EaST) - funded by the nuclear power station - has been set up with Suffolk County Council and East Suffolk will distribute money to local organisations through grant schemes and Sizewell C has pledged £78m over the next 70 McFarland, director of wildlife conservation and recovery at Suffolk Wildlife Trust (SWT), said he hoped it could mitigate any damage caused by the power plant. Jenny Kirtley, chair of Together Against Sizewell C, said she was concerned that parts of the environment could never be replaced. Sizewell C will give the charity annual donations of £1.5m throughout the power station's construction and for the first 20 years of its this, contributions will continue at £750,000 and the charity will be governed by a board of independent will also seek funding from local businesses and Pyke, joint managing director of Sizewell C, said it was "right" it invested in Suffolk's nature and the charity would leave a "positive environmental legacy". Mr McFarland said while SWT had initially objected to Sizewell over what it felt was the wrong location for the plant, it had decided since its go-ahead by the government to work with the developer to mitigate environmental said the new funding was "very significant"."I certainly think if the right applications go to the fund, and the fund chooses the right applications, then there's a huge potential for a lot of positive, but that's not to say will that offset the residual impact of the development," he said. Ms Kirtley said while she was pleased to hear the charity would have an independent board of trustees, she said most people would not be around to see the effects after 70 years of funding."My concerns are that some things can't be replaced however much money you throw at it, like the vegetated shingle on the beach... or a 400-year-old tree," she said."So 70 years [of funding] is positive, but I don't think that it will ever change the devastation that has already happened in the area, which, of course is very upsetting for everybody."The government confirmed on Tuesday the cost of building Sizewell C would be £38bn and it had secured investment from a number of Sizewell C reactor is expected to begin operating in the mid-to-late 2030s. Follow Suffolk news on BBC Sounds, Facebook, Instagram and X.
BBC News
08-07-2025
- Business
- BBC News
EDF will take a 12.5% stake in Sizewell C nuclear power station
Energy company EDF has confirmed it will have a 12.5% stake in the Sizewell C nuclear power month the government committed £14.2bn to build the facility on the Suffolk plans are still waiting for further investment, and the government said more details would be confirmed this groups have criticised the size of French state-owned EDF's stake, saying they believe it had invested "the bare minimum". China General Nuclear Power previously had a 20% stake in Sizewell C but later pulled out, with the government becoming a shareholder alongside recent decision to take a smaller stake in Sizewell C is "consistent with their previously stated position", Downing Street government has said the plant would tackle the climate crisis while generating enough energy to power the equivalent of six million Secretary Ed Miliband said the agreement was a "landmark moment" between the UK and France, as French President Emmanuel Macron began his state visit to the UK. But Together Against Sizewell C chair Jenny Kirtley criticised EDF's stakeholder announcement."In what must be seen as a fantastic result for Macron and an extremely poor outcome for the UK, this has allowed the original Sizewell C promoter, EDF, to invest the bare minimum into the project, with the result [that] UK residents will be subsidising French industry and the French government for the next 75 years, during 15 years of construction and 60 years of operation."Stop Sizewell C, another campaign group, added that "such reliance on France for so lengthy and uncertain project delivery undermines UK energy security".The group added: "With much of the expensive 'kit' for Sizewell C being constructed in France, who does this project really benefit?" Responding to the suggestion the decision was not a show of confidence in the UK, a No 10 spokesman said: "Obviously it's a commercial decision for EDF, but it's fully consistent with their previously stated commitment."Of course, we welcome their involvement. We've always known that EDF was looking to take a minority stake in Sizewell's construction, alongside its other important roles in the project."We're in the closing stages of negotiations with other investors [who] will also bring significant experience to Sizewell C." Follow Suffolk news on BBC Sounds, Facebook, Instagram and X.
Time of India
11-06-2025
- Business
- Time of India
UK announces $19 billion investment in first major nuclear plant since 1990s
London: Britain will invest 14.2 billion pounds ($19 billion) to build a new nuclear station that will reduce the UK's reliance on volatile international fossil fuel markets, the government said on Tuesday. Officials said the investment will go into building the new Sizewell C nuclear power plant in Suffolk, on England's eastern coast, saying it will generate enough low-carbon electricity to power 6 million homes when it becomes operational in the 2030s. Prime Minister Keir Starmer said previous governments had dithered and delayed over nuclear power. No new nuclear plant has been opened in the UK since Sizewell B in 1995. "Having our own energy in this country that we control, gives us security, gives us independence, so (Russian President Vladimir) Putin can't put his boot on our throat," Starmer said. "And it means that we can control the prices in a way that we haven't been able to in recent years, which has meant very high prices for businesses, for households and for families." The government also announced that Rolls-Royce is the preferred bidder to develop a number of small modular reactors, which it said can power around 3 million homes and help fuel power-hungry industries like AI data centres. The Treasury said building Sizewell C will create 10,000 jobs. The investment announced Tuesday is in addition to 3.7 billion pounds the UK government already committed to the project. Nuclear power is seen as an increasingly important electricity source as the government seeks to decarbonize Britain's electricity grid by 2030, replacing fossil fuels with low-carbon power. The UK also wants to reduce its dependence on imported oil and gas, especially in light of soaring energy prices following Russia's invasion of Ukraine. But critics have said nuclear plants are far more expensive and slow to build compared with renewable energy options such as solar and wind power. Environmental groups have also argued Sizewell C will damage local nature reserves that host wildlife like otters and marsh birds. About 300 people joined a protest against the development at the Suffolk site over the weekend. "Net zero is supposed to happen by 2030 - there is no way this is going to be completed by then," said Jenny Kirtley, a local resident who chairs the campaign group Together Against Sizewell C. (AP)
Yahoo
10-06-2025
- Business
- Yahoo
UK announces $19 billion investment in first major nuclear plant since the 1990s
LONDON (AP) — Britain will invest 14.2 billion pounds ($19 billion) to build a new nuclear station that will reduce the U.K.'s reliance on volatile international fossil fuel markets, the government said Tuesday. Officials said the investment will go into building the new Sizewell C nuclear power plant in Suffolk, on England's eastern coast, saying it will generate enough low-carbon electricity to power 6 million homes when it becomes operational in the 2030s. Prime Minister Keir Starmer said previous governments had dithered and delayed over nuclear power. No new nuclear plant has been opened in the U.K. since Sizewell B in 1995. 'Having our own energy in this country that we control, gives us security, gives us independence, so (Russian President Vladimir) Putin can't put his boot on our throat," Starmer said. 'And it means that we can control the prices in a way that we haven't been able to in recent years, which has meant very high prices for businesses, for households and for families." The government also announced that Rolls-Royce is the preferred bidder to develop a number of small modular reactors, which it said can power around 3 million homes and help fuel power-hungry industries like AI data centers. The Treasury said building Sizewell C will create 10,000 jobs. The investment announced Tuesday is in addition to 3.7 billion pounds the U.K. government already committed to the project. Nuclear power is seen as an increasingly important electricity source as the government seeks to decarbonize Britain's electricity grid by 2030, replacing fossil fuels with low-carbon power. The U.K. also wants to reduce its dependence on imported oil and gas, especially in light of soaring energy prices following Russia's invasion of Ukraine. But critics have said nuclear plants are far more expensive and slow to build compared with renewable energy options such as solar and wind power. Environmental groups have also argued Sizewell C will damage local nature reserves that host wildlife like otters and marsh birds. About 300 people joined a protest against the development at the Suffolk site over the weekend. 'Net zero is supposed to happen by 2030 — there is no way this is going to be completed by then," said Jenny Kirtley, a local resident who chairs the campaign group Together Against Sizewell C.
Indian Express
10-06-2025
- Business
- Indian Express
UK announces $19 billion investment in first major nuclear plant since the 1990s
Britain will invest 14.2 billion pounds ($19 billion) to build a new nuclear station that will reduce the UK's reliance on volatile international fossil fuel markets, the government said Tuesday. Officials said the investment will go into building the new Sizewell C nuclear power plant in Suffolk, on England's eastern coast, saying it will generate enough low-carbon electricity to power 6 million homes when it becomes operational in the 2030s. Prime Minister Keir Starmer said previous governments had dithered and delayed over nuclear power. No new nuclear plant has been opened in the UK since Sizewell B in 1995. 'Having our own energy in this country that we control, gives us security, gives us independence, so (Russian President Vladimir) Putin can't put his boot on our throat,' Starmer said. 'And it means that we can control the prices in a way that we haven't been able to in recent years, which has meant very high prices for businesses, for households and for families. 'The government also announced that Rolls-Royce is the preferred bidder to develop a number of small modular reactors, which it said can power around 3 million homes and help fuel power-hungry industries like AI data centers. The Treasury said building Sizewell C will create 10,000 jobs. The investment announced Tuesday is in addition to 3.7 billion pounds the UK government already committed to the project. Nuclear power is seen as an increasingly important electricity source as the government seeks to decarbonize Britain's electricity grid by 2030, replacing fossil fuels with low-carbon power. The UK also wants to reduce its dependence on imported oil and gas, especially in light of soaring energy prices following Russia's invasion of Ukraine. But critics have said nuclear plants are far more expensive and slow to build compared with renewable energy options such as solar and wind power. Environmental groups have also argued Sizewell C will damage local nature reserves that host wildlife like otters and marsh birds. About 300 people joined a protest against the development at the Suffolk site over the weekend. 'Net zero is supposed to happen by 2030 — there is no way this is going to be completed by then,' said Jenny Kirtley, a local resident who chairs the campaign group Together Against Sizewell C.
