French energy group EDF has not yet found alternative investors for the flagship Hinkley Point C nuclear project as a freeze in funding from its Chinese partner places an “extra weight” on the debt-laden company.
Luc Rémont, chief executive of France’s state-owned electricity company, said it had held talks during 2024 with “lots” of potential funders for the Hinkley Point C project in Somerset, but was not yet able to proceed with any of them.
EDF was continuing to meet the financing costs but was working to find alternative investors for the project with the support of the British government, Rémont said, as the company reported its annual results on Friday.
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