UK launches Future Nuclear Enabling Fund (FNEF)
The Government of the United Kingdom (UK) has launched a Future Nuclear Enabling Fund (FNEF) with a target to raise GBP120 million (US$149.47 million). The fund will help to develop 8 new reactors by 2030, located in Hinkley, Sizewell, Heysham, Hartlepool, Bradwell, Wylfa, Oldbury and Moorside.
The FNEF will provide targeted government grants and attract private investment which will help nuclear construction projects, including small modular reactors. The fund is expected to support industry investment in nuclear and offer opportunities for projects in every region of the UK.
The Government has launched an RFEOI inviting interested parties to register their interest in bidding for funding and seeking further information on potential future projects.
Country updates
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May 20, 2022
Statkraft enters the final construction stage of the Lister Drive Greener Grid Park in Tuebrook
Statkraft has entered the final development stage on the Lister Drive Greener Grid Park located in Tuebrook, Liverpool, UK. The construction of the site has been ongoing since 2021 and with the N...
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May 19, 2022
Selby District Council grants planning permission for 100 MW Drax battery storage system
Aura Power has been granted planning permission by Selby District Council for a 100 MW battery storage system at Drax Power Station in North Yorkshire, UK. The system will provide enough electricity...
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May 19, 2022
Greencoat buys minority stake in 1,218 MW Hornsea One offshore wind project
Greencoat UK Wind Plc has agreed to pay GBP400 million (US$489.6 million) for a net 12.5% ownership in the 1.2 GW Hornsea One offshore wind farm in the UK seas. Greencoat Capital LLP's renewable ener...
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May 18, 2022
Bluefield Solar completes acquisition of 93.2 MW solar and wind portfolio in UK
Bluefield Solar Income Fund Ltd (BSIF) has completed the acquisition of a 93.2 MW solar and wind portfolio in the UK from an undisclosed UK-based fund manager for a total of GBP 112.4 million (US...
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May 18, 2022
Foresight Group buys majority stake in 750 MW MaresConnect interconnector project
Foresight Group Holdings Limited has acquired a majority stake in the 750 MW MaresConnect interconnector project in Ireland and the UK, through its energy transition fund, Foresight Energy Infrastruct...
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