Full-scale construction of the planned Sizewell C nuclear project in the UK is set to begin with all necessary financing now finalised and available for the two-unit facility in southeast England.
Project company Sizewell C said the planned nuclear station, which has an estimated cost of £38bn (€43bn, $49.5bn), reached financial close on 4 November, indicating that all funding will now be able to flow into the major infrastructure project.
Sizewell C concluded an equity raise this summer and has now confirmed it has secured a further £5.5bn through debt and loan arrangements.