Overview
- Centrica is preparing to take a 15% stake in the UK’s Sizewell C nuclear power project, according to Financial Times sources.
- Brookfield Asset Management is also in discussions and could secure a larger share in the £40 billion development.
- Chancellor Rachel Reeves has secured a £14.2 billion government commitment, making the state the majority investor alongside EDF.
- Backers are aiming for a final investment decision before Parliament breaks for summer recess on July 21, 2025.
- Sizewell C is expected to generate electricity for six million homes, create 10,000 jobs, and is financed under a regulated asset base model that shifts costs to consumers.