UK’s Net Zero agenda in trouble as Hitachi pulls plug on nuclear power plant

A project to build a huge nuclear power station in north Wales is to be wound down by the end of March, threatening hopes of its resurrection via a sale.

Hitachi’s Horizon subsidiary was to build a £20bn nuclear plant at Wylfa on Anglesey

Japan’s Hitachi has told staff it will shut its Horizon subsidiary, which was to build a £20bn nuclear power plant at Wylfa on Anglesey, by March 31. That could scupper a sale of the site, despite interest from bidders including a US consortium of Bechtel, Southern Company and Westinghouse, and dent Britain’s clean energy aims.

Hitachi said in September it would not proceed with the plan, despite having put £2bn into it, but the haste to shut it down and dismiss remaining staff has sparked concern.

Full story (£)

The post UK’s Net Zero agenda in trouble as Hitachi pulls plug on nuclear power plant appeared first on The Global Warming Policy Forum (GWPF).

via The Global Warming Policy Forum (GWPF)

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January 11, 2021 at 07:17AM

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