The U.K.’s hopes for a fleet of new nuclear plants, potentially exceeding 13,000 MW, took another hit when Japan’s Hitachi Ltd. recently pulled out of a major project in Wales. With Chinese investment in two other projects alsolmore doubtful, only the 3,300MW Hinkley Point C project in Somerset, England, has so far progressed to construction
Having suspended development work on the Welsh two-unit plant at Wylfa Newydd in January 2019, Hitachi earlier this month announced that the already difficult investment environment had “become increasingly severe due to the impact of COVID-19.” The company wrote off $2.8 billion of investment in the Welsh plant last year.