Large-scale new-build is facing ‘affordability challenges’, says engineering company
The UK needs an increased focus on its nuclear strategy, and the development of innovative approaches to financing and construction risk, a report by engineering company Atkins says.The report, which looks at the technical challenges of the UK’s aim to become a net zero carbon-emitting country by 2050, says that with declining UK gas production, nuclear offers the only firm low-carbon power with assured security of supply.“Nuclear presents a low technological risk but is significantly challenged by the current financial model,” the report says. According to the report, 8.4GW of new nuclear is being constructed or planned at Hinkley Point C, Sizewell C and Bradwell B.
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