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EDF, which had recently reported a 68% fall in net profit, was still looking at how it would finance its share of the project. With EDF's share price having halved over the preceding year, the cost of the Hinkley Point C project now exceeded the entire market capitalisation of EDF. EDF stated that "first concrete", the start of actual ...
Separately, the Government also awarded a CfD to Hinkley Point C nuclear power station, set at £92.50/MWh for a 35 year period. [8] This is 20 years longer than other CfD contracts. See §Cost to consumers of the Hinkley Point C article for further discussion on the costs.
The revised operating date for the nuclear power station is now June 2027 and the budget has increased to £25 billion as Covid delays are blamed.
EDF submitted its planning application in May 2020, declaring 25,000 job opportunities and 70% of investment being spent in UK. The plant will largely replicate Hinkley Point C design to reuse experience, lower cost and ensure high levels of safety. [59] The proposal was welcomed by Unite the Union. [60]
In the United Kingdom, a feed-in tariff of £92.50/MWh at 2012 prices (currently the equivalent of €131/MWh) [107] plus inflation compensation was set in 2013 for the new nuclear power plant to be built at Hinkley Point C, with a term of 35 years. At that time, this was below the feed-in tariff for large photovoltaic and offshore wind plants ...
The new plants are to be Hinkley Point C and Sizewell C and will eventually produce up to 6.4 GW in total. [1] EDF initially entered the UK nuclear industry with the acquisition of British Energy in 2009. At the same time, EDF established NNB GenCo as a separate subsidiary for the construction of additional new nuclear plants.
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Low-cost index funds vs. ETFs vs. mutual funds You can buy low-cost index funds as either an ETF or a mutual fund, and well-known indexes such as the S&P 500 will have both available. The list ...