Our approach to nuclear power
Building new nuclear power stations is a key part of RWE npower’s commitment to meet the UK’s energy needs and to reduce carbon dioxide intensity. 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.
We already aim to invest billions of pounds over the next ten years in new forms of low CO2 power generation including gas, renewables and ‘cleaner coal’ and upgrading our existing power stations. Our investment in a mix of energy sources will help to ensure that the UK has sufficient energy generation to meet its needs and maintain a secure, sustainable and affordable electricity supply.
As part of these ambitions, a joint venture between RWE and E.ON UK – called Horizon Nuclear Power - has secured land at Wylfa, on Anglesey, and Oldbury-on-Severn, in Gloucestershire, which was sold for nuclear development by the Nuclear Decommissioning Authority (NDA). Our objective through - the joint venture - is to deliver around 6GW of new nuclear build, with the first station coming online at around the end of the next decade.
Developing new nuclear power stations requires a substantial level of investment and expertise. The joint venture will provide the financial stability, knowledge and expertise required to support a programme of this scale and complexity.
As RWE npower, we are also assessing two sites for possible new nuclear power generation on the West Cumbrian coast - Braystones and Kirksanton. Like Wylfa and Oldbury-on-Severn, these sites have been identified as potentially suitable for new nuclear development and are in the Government’s draft Nuclear National Policy Statement. The Government will announce the final list later in 2010.
As with all of our developments, our approach to nuclear is guided by a commitment to safety, care for the environment and delivering cost effective energy to the UK. We have not made any decisions on which sites we might look to develop, but we believe the best locations for the next generation of power stations are most likely to be close to areas with strong nuclear heritage or existing nuclear power plants or infrastructure.