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    market news

    UK Nuclear Plant Gets Green Light

    Vivien Diniz
    Oct. 23, 2013 10:53AM PST
    Energy Investing

    BBC reported that the UK government has given the go-ahead for the first new nuclear plant in the UK.

    BBC reported that the UK government has given the go-ahead for the first new nuclear plant in the UK.

    According to Secretary of State for Energy Edward Davey:

    For the first time, a nuclear station in this country will not have been built with money from the British taxpayer.

    According to the report:

    The existing plant at Hinkley currently produces about 1% of the UK’s total energy, but this is expected to rise to 7% once the expansion is complete in 2023.

    Click here to view the full story. 

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