French energy firm EDF to invest £1.1bn in Sizewell C nuclear plant

The French energy company EDF will invest £1.1bn in the Sizewell C nuclear plant in Suffolk, the UK and France announced on the first day of a state visit by the French president, Emmanuel Macron.

- Lauren Almeida

The company will take a 12.5% stake in the nuclear project, alongside a previously announced £14.2bn investment by the UK government, which has a majority stake.

EDF, which is owned by the French government, had a 16.2% stake at the end of last year, but this had gradually fallen over the last six months as the UK government acted as the sole source of funding, the company said.

Its stake in the project is at the lower end of the 10-19.99% range the company initially guided in February.