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Greencoat Capital UK to greenwash nuclear power?

Greencoat Capital is considering creating a nuclear investment fund to take
a stake in EDF’s proposed Sizewell C plant in Suffolk. The renewables
investment manager is eyeing a move into nuclear that could lead to the
fund investing in Hinkley Point C, under construction in Somerset, and the
existing Sizewell B plant. Bankers working for EDF and the UK government
are seeking investors to join them in funding the construction of Sizewell
C, which could power 6 million homes and is expected to cost at least £20
billion. Richard Nourse, Greencoat Capital’s founder, said: “My feeling
is that there’s a huge amount of money required. When you need a huge
amount of money, you normally have to price it to go, and therefore it will
be potentially an interesting investment. Given nuclear will be a
fearsomely complex and technically demanding area for UK pension funds to
evaluate risk, we see an opportunity for Greencoat to be a trusted adviser
and manager of funds.”

Times 16th July 2022

July 16, 2022 - Posted by | Afghanistan, business and costs, climate change, ENERGY

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