Sizewell C secures $6.56bn debt facility, unlocking full‑scale construction

The England-based Sizewell C nuclear power project has secured £5bn ($6.56bn) in a debt facility that paves the way for full-scale construction of the plant. When operational, the plant is expected to contribute towards annual savings of £2bn for the overall low-carbon electricity system, which may result in lower electricity costs for consumers. The financial close is said make Sizewell C the first nuclear power project worldwide to secure funding with backing from private, independent financial investo ...