Commission approves UK nuclear subsidy

The European Commission has approved state support measures for a 3.2GW nuclear plant at Hinkley Point in England

The European Commission has approved state support measures for a €43bn (£34bn) 3.2GW nuclear plant at Hinkley Point in England.

Evidence provided by the UK government convinced the Commission that there is a genuine market failure in obtaining investment for nuclear plant, and that any market distortion and public costs have been reduced following some changes to the contract.

But anti-nuclear Austria has pledged to challenge to the decision in the EU court.

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