nuclear-news

UK government pushing institutional investors to support Sizewell C nuclear project

The UK is seeking institutional investment for its major nuclear project. Lauren Mills speaks to Julia Pyke about the efforts to make it investable

 Julia Pyke: Sizewell C has been ‘heavily de-risked’ for pension funds.
Newspaper reports claiming that various UK pension funds will not be
investing in Sizewell C barely ruffle the feathers of Julia Pyke.

She is joint managing director of the £20bn (€23.3bn) nuclear power project on
the Suffolk coast of England. She is responsible for financing and oversees
wider development functions including legal and external affairs. Pyke’s
confidence that Sizewell C will receive both the public and private funding
it needs is based on facts.

The UK government and EDF have picked six
investors to progress to the second round of bidding for the £6bn equity
stake in the project. “UK institutional investors are already interested
and are part of the bidding process,” she says, although she stops short
of naming any names due to non-disclosure agreements.

Earlier this month, IPE Real assets revealed that the UK’s Universities Superannuation
Scheme, fund managers Schroders Greencoat, Equitix and Amber Infrastructure
were all weighing up final bids. All four declined to comment.

 Real Assets 29th April 2024

https://realassets.ipe.com/analysis/julia-pyke-sizewell-c-has-been-heavily-de-risked-for-pension-funds/10072923.article

May 3, 2024 - Posted by Christina Macpherson | Uncategorized