23 Oct

Utility Week – EDF Energy selling assets

  • By Justyn Williams

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Reviewing this article, it is clear that EDF Energy are making attempts to raise the funds needed for the Hinkley Point C Nuclear reactor.

S&P advising of the potential downgrade in the company’s credit rating, will invariably make it harder to them to raise the funds needed to complete the project. Almost a double edged sword.

The investment in Hinkley and others (regardless of your views on Nuclear Energy – in the light of Fukushima), is an essential part of the U.K. power mix and needs for the future.

It all comes down to the price agreed for the energy produced (contract for difference) or the minimum that EDF Energy can expect for the energy generated.

Following this article the agreement reached with the Chinese Government is a significant step in this journey.