Freshfields advises EDF on the UK government’s £679m investment in Sizewell C

Freshfields Bruckhaus Deringer (‘Freshfields’) has suggested EDF and the holding firm of Sizewell C on the British isles government’s £679m expenditure in the enhancement of the Sizewell C nuclear power challenge in Suffolk and on China General Nuclear Energy Corporation’s exit from the project.

The British isles government’s investment will see it become a 50% shareholder in the task alongside EDF, the project’s majority shareholder and direct developer to date, and signifies a main phase below its British Electrical power Safety Strategy.  When a final expenditure choice is taken, the two EPR reactors at Sizewell C are envisioned to provide 6 million properties with small-carbon baseload electric power for around 60 a long time.

The Freshfields group is remaining led by specialist nuclear spouse Vanessa Jakovich and international transactions spouse Alon Gordon, along with associates Edward Cole and Richard Thexton and associates Samuel Naylor, Eleanor Storey and Hannah Smith.

Commenting on today’s announcement, Vanessa Jakovich said: “This is a really substantial milestone for both equally the Sizewell C project and the nuclear business, and represents an crucial action in the direction of achieving the UK’s power stability and our Internet Zero ambitions. Freshfields have been privileged to enjoy a role and glance forward to supporting EDF through the following phases of the task.”