Overview

• Apollo will extend a £4.5 billion unsecured, investment-grade loan to EDF at an interest rate just under 7% with up to a 12-year maturity.
• The transaction ranks among the largest private capital commitments to a UK project of national interest.
• The funding follows China General Nuclear’s withdrawal in late 2023, which left EDF covering the project's financing gap alone.
• Hinkley Point C’s budget has surged from £18 billion to nearly £46 billion and its operational start date has slipped to 2029.
• Once complete, the plant is expected to power around 6 million homes and meet about 7% of Britain’s electricity demand.