Nuclear Power Plant: Wylfa

The minister has provided a comprehensive update on the government's policy regarding the proposed nuclear power plant at Wylfa. The minister began by acknowledging the importance of nuclear power in the UK's energy mix, stating that it plays a crucial role in the country's efforts to achieve its net-zero emissions target by 2050. The minister then addressed the specific case of the Wylfa project, noting that the government has been in active discussions with the project's developers, Horizon Nuclear Power, regarding the potential development of the site. The minister emphasized that the government remains committed to supporting the project, recognizing the significant economic and energy security benefits it could bring to the local community and the nation as a whole. However, the minister also acknowledged the challenges that have arisen in recent years, including the withdrawal of Hitachi from the project in 2019. The minister stated that the government is working closely with Horizon Nuclear Power to explore alternative financing models and commercial arrangements that could help to overcome these obstacles and ensure the project's viability. The minister also touched on the broader policy context, highlighting the government's commitment to developing a diverse and resilient energy mix that includes a range of low-carbon technologies, including nuclear power, renewable energy, and carbon capture and storage. The minister emphasized that the government is dedicated to creating the right policy and regulatory environment to support the development of new nuclear projects, while also ensuring that the highest safety and environmental standards are maintained. In conclusion, the minister reiterated the government's support for the Wylfa project and its ongoing efforts to work with the project's developers to find a path forward that will deliver the benefits of nuclear power to the local community and the country as a whole.