"Just this week, we took a significant long-term decision to raise funding for Sizewell C - putting beyond all doubt our commitment to decarbonising our power sector."The Rt Hon. Rishi Sunak, UK Prime Minister, September 2023
Backed by the right funding model, with the right political support, and the right Environmental, Social and Governance (ESG) commitments, Sizewell C will deliver for investors and for British households.
Sizewell C will deliver secure, long-term regulated investment. It will replicate the design of the Hinkley Point C power station in Somerset, which is now five years into construction, reducing build costs and risk.
Through its 10 to 12-year construction period, and for at least 60 years of operation, Sizewell C will deliver index-linked returns for investors. Funding will be raised through a Regulated Asset Base (RAB) model, which has already been used to finance £200bn of infrastructure assets in the UK. Investors share project risk and costs with consumers, while a Government Support Package will protect investors from remote high-impact risks.
In September 2023, the government launched the formal process to raise private investment for the power station. You can read more about that announcement in our news blog.
We believe nuclear scores highly when it comes to ESG considerations and Sizewell C is delighted that nuclear will be included in the Government’s forthcoming taxonomy on green investments. Our ESG credentials:
A look back at the project’s progress and important moments…
Potential investors are being invited to take part in a pre-qualification process which will help to identify those with substantial experience in delivering large infrastructure projects.
More information about this process and completing the pre-qualification questionnaire (PQQ) can be found here on the government’s website. To request the PQQ, potential investors should email SZCequityraise@energysecurity.gov.uk.