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£4.5bn loan powers nuclear station plan
Paisley Daily Express
|June 24, 2025
UNITED States private capital group Apollo Global is set to back Somerset's Hinkley Point C nuclear power station with a £4.5 billion loan.
The loan will be provided as unsecured debt to EDF, the French state-owned energy firm delivering the project, at an interest rate of just under 7%, according to sources who spoke to the FT.
While the funding could theoretically be used for other UK projects by EDF, it's expected that Hinkley Point C will be the main beneficiary.
The nuclear power plant in Somerset has been plagued by cost overruns and delays since it received government approval in 2016.
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