Following the decision by Hitachi, Ltd. announced 16th September 2020, Horizon Nuclear Power will be ceasing its activities to develop projects at Wylfa Newydd on Anglesey and at Oldbury on Severn in South Gloucestershire.
Activity was suspended in January 2019 due to the absence of a clear funding package for the lead Wylfa Newydd project. Horizon maintained the capability to remobilise in the event that a new financing model was re-established. This included over 10 years of stored project data and knowledge, applications for permits and licences and a small core team of staff and contractors.
Horizon will now take steps for the orderly closing down of all its current development activities, but will keep the lines of communication open with Government and other key stakeholders regarding future options at both our sites.
Chief Executive Duncan Hawthorne said:
“I understand this announcement will be disappointing for our many supporters who had hoped to see our project through to completion and I would personally like to thank you for your support throughout our time on this project.
“In particular I would like to thank our lead host community of Anglesey in Wales, represented by the Isle of Anglesey County Council and Welsh Government, and the key representatives around Oldbury.
“I would also like to express my sincere gratitude to the many international, UK and Welsh stakeholders who have supported us in the development of our projects.
“Nuclear power has a critical role to play in helping tackle our energy needs, meeting our climate change targets and levelling up the economy through green growth and job creation.
“Wylfa Newydd on Anglesey and Oldbury on Severn are highly desirable sites for new nuclear build. We will do our utmost to facilitate the prospects for development which will bring the major local, national and environmental benefits that nuclear can uniquely deliver as we push to transition to a net zero carbon economy by 2050.”
Horizon Nuclear Power was formed in 2009 to develop new nuclear power stations in the UK. It was acquired by Hitachi, Ltd. (TSE: 6501) of Japan in November 2012.
Hitachi-GE, a joint venture established by Hitachi, Ltd. (TSE:6501) and GE in July 2007, as one of the world’s leading comprehensive plant manufacturers, engages in the development, planning, design, manufacture, inspection, installation, pre-operation, and maintenance of nuclear reactor-related equipment and is able to execute integrated project management. Hitachi-GE has been involved with 23 reactors in Japan to date, including those currently under construction.
Wylfa Newydd is Horizon’s first site and we aim to secure initial electricity generation there in the first half of the 2020s, with Oldbury to follow. No decisions have yet been made about our Oldbury project and the go ahead would not happen until we’ve carried out formal consultation with local people, allowing them to have their say and help shape our proposals. We're working on the detailed timescales for this.
If you have any queries or issues you would like to raise with Horizon, please call Freephone number 0800 130 3125 or email:
For more information on Horizon Nuclear Power visit: www.horizonnuclearpower.com
You can write to: Horizon Nuclear Power, 5210 Valiant Court, Gloucester Business Park, Delta Way, Gloucester, GL3 4FE.
For more information on Hitachi, please visit the company's website at www.hitachi.com