Hitachi Walks Away From Two UK Nuclear Projects

By [email protected] Hitachi has confirmed it is walking away from a proposed new nuclear power plant in the U.K., raising serious questions about government plans to fund new nuclear projects.

Speculation began earlier this week but has finally been confirmed by Hitachi on Wednesday.

The Wylfa Newydd project in Wales was put on pause by Hitachi in January 2019 after its subsidiary, Horizon Nuclear Power, said it could not secure financing. The company was also eyeing a site in Oldbury in England. The projects had a combined capacity of 5.8 gigawatts.

Now that pause on Wyfla is permanent.

The U.K. has 9GW of nuclear power capacity,

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