UK government acquires Wylfa nuclear site for £160m, plans to buy Oldbury, aims for 25% nuclear electricity by 2050.

The UK government has agreed to purchase the Wylfa nuclear site in Anglesey for £160m, with plans to buy the Oldbury site in Gloucestershire. The deal is part of the government's roadmap for nuclear power, which includes plans for a new power station and a series of small modular reactors. Chancellor Jeremy Hunt announced the acquisition in his Spring Budget 2024, stating that the government aims to have nuclear provide up to 25% of UK electricity by 2050.

March 06, 2024
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