EDF wants to enable £50bn of investment in the generation of low-carbon electricity from nuclear, wind and solar in the UK, with the Hinkley Point C project providing a vivid illustration of the “huge economic benefits” that new nuclear investment brings.
In a report outlining the company’s plans to support the UK’s 2050 net zero ambitions, France’s state-owned utility said its focus in power generation is on new nuclear and renewables. It said these are the most proven and cost-effective forms of producing electricity with zero emissions at the point of generation.
“With economic recovery from Covid-19 in mind, our Hinkley Point C project in Somerset provides a vivid illustration of the huge economic benefits that new nuclear investment brings,” EDF said. “Recent figures show the project has spent £1.7bn with more than 1,100 companies across the southwest, and more than 10,000 jobs have been created.”
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