Hinkley Point nuclear project plods forward with new loan guarantee

Hinley Point nuclear power plant United Kingdom UK $15 billion loan guarantee

Electricite de France SA (EDF) has received a $15 billion loan guarantee from the UK government from the proposed new nuclear build at Hinkley Point, Bloomberg reports.

The announcement came amid other notices that the wind and solar projects in the UK would receive electricity price guarantees of 100 or more pounds per MWh. This news bodes well for the Hinkley Point nuclear project, as EDF has said it needs a guaranteed price of around at least 95 pounds per MWh to make the project economical. According to Bloomberg, UK Prime Minister David Cameron is expected to announce incentives strong enough to entice EDF for take on the project.

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