The UK Government has identified new nuclear power as a key building block for a low carbon future. The UK power industry needs significant investment in the next decade to replace ageing coal and nuclear power stations and help deliver an affordable, lower carbon economy and we believe nuclear will have an important part to play in the UK's future energy mix.
In 2009 RWE npower formed a joint venture with E.ON UK to explore the possibility of developing new nuclear power stations in the UK. In March 2012 following a strategic review, separately carried out by both parent companies, RWE npower and E.ON UK decided not to proceed to develop new nuclear power projects in the UK through the Horizon joint venture. More information on this decision is available here: Horizon announcement.
Volker Beckers, CEO of RWE npower, said at the time of the announcement that "RWE remains committed to the need for significant investment in low carbon energy technologies and has invested over £1.2 billion into new renewable energy in the UK over the last three years, as well as more than £1.6 billion into new, highly efficient, flexible gas-fired power stations over the same period."
In October 2012 we announced that Hitachi Ltd had agreed to purchase Horizon Nuclear Power and take over the development of plants for new nuclear build in the UK. The full announcement is available here: Horizon sale announcement.
For more information on Horizon Nuclear Power, please visit their website: Horizon Nuclear Power