ABB125
Established Member
Sizewell C has been approved by the government. Excellent news in my opinion, although I'm not sure about the price.
www.newcivilengineer.com
However, the phrase "all the eggs in one basket" does spring to mind...
£20bn Sizewell C nuclear plant gets planning green light | New Civil Engineer
Energy secretary Kwasi Kwarteng granted the development consent order application at the third time of asking. The decision had previously been scheduled
Sizewell C is 3200MW, same as Hinkley Point C. If the Wylfa project gets restarted (3000MW, I believe), that's nearly 10GW available, approaching 25% of UK electricity demand (based on the highest demand on Gridwatch's yearly chart of about 40GW).£20bn Sizewell C nuclear plant gets planning green light
20 JUL, 2022 BY ROB HORGAN
The government has approved plans for EDF’s £20bn Sizewell C nuclear plant.
Energy secretary Kwasi Kwarteng granted the development consent order application at the third time of asking. The decision had previously been scheduled for 25 May but this was extended until 8 July to allow the government more time to look at new information, before again being pushed back.
Granting of the DCO effectively paves the way for construction to begin.
The Planning Inspectorate’s recommendation report sets out concerns about water supply strategy as well as impacts on natural habitats.
However, in his decision letter, Kwarteng concluded that “the very substantial and urgent need for the proposal outweighs the harms, and that development consent should therefore be granted for the Proposed Development.”
His decision letter adds: “The Secretary of State agrees that the Proposed Development will make a very substantial contribution towards meeting the national [energy] need […] and the substantial contribution it would make in terms of the delivery of low carbon energy, ultimately assisting with the decarbonisation of the economy in line with the UK’s legal obligations in the Paris Agreement 7 under the United Nations Framework Convention on Climate Change and the Climate Change Act 2008 (as amended).”
Reports released alongside the DCO decision letter reveal that a total of 1,282 relevant representations were made during the public consultation phase. Concerns raised during the consultation phase included flood risk, marine ecology, transport impact, and coastal geomorphology.
The decision comes after the government published documents showing significant progress towards implementing a new funding model which will give nuclear projects the financial support they need and attract private investment.
The new Regulated Asset Base (RAB) model will see projects receive a regulated payment from electricity suppliers. The Sizewell C project could be the first nuclear project to use this model, subject to the outcome of current negotiations.
Earlier this year it was revealed that the government is set to take a 20% stake in the nuclear plant at Sizewell C. This followed the Net Zero Strategy – published in October last year – which implied that Sizewell was favoured by government for a large scale nuclear plant.
Backers of the proposed nuclear power station were also given a £100M government funding boost in January. The funding commitment from business and energy secretary Kwasi Kwarteng will be used to continue the development of the project which will aim to attract further financing from private investors and, subject to value for money and relevant approvals, from the government itself.
Going forward, ministers have made a commitment to reaching a final investment decision on at least one large-scale nuclear power station this Parliament.
However, there is still a chance that government could back a second large-scale nuclear power station with the future of the Wylfa Newydd nuclear power plant under discussion. New plans for the Wylfa Newydd nuclear site on Anglesey would reportedly see a power plant built costing between £14bn and £17bn.
However, the phrase "all the eggs in one basket" does spring to mind...
