Britain has agreed terms with Brussels to secure approval for billions of pounds of public funding for Hinkley Point, the country’s first new nuclear power plant in a generation.
While the conditions are not yet public, Europe’s competition chief is satisfied the revised deal meets EU rules on state support and will propose the project is approved before the end of this European Commission’s mandate in November.
The breakthrough is a big boost for the UK government’s contract with French utility EDF, which will provide a template for the next wave of state-backed nuclear plants across Europe.
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