Hitachi (TYO: 6501) has announced the completion of its acquisition of the UK’s Horizon nuclear project.

The Japanese energy company purchased the project from E.ON and RWE and plans to build two to three 1300 MW nuclear power plants at each of three sites at Wylfa, Anglesey and Oldbury.

Wylfa
“Hitachi will now begin discussions with UK regulators to obtain approval to use Advanced Boiling Water Reactor (ABWR) technology under the UK’s Generic Design Assessment process,” Hitachi said in a statement.

Meanwhile EDF Energy is leading a drive for the UK to build up to 12 reactors over the next ten years.

According to the FT, under a £400m deal with French energy group Areva, which will design the reactors for EDF, Rolls-Royce could build a component factory in Yorkshire. It is already home to an advanced manufacturing centre.

Chairman of the Nuclear Industry Association, Lord Hutton said he wants the UK to take a leading role in global nuclear power development.

“The issue for UK plc is: does it want to be part of the nuclear future,” he said. “I would like Britain to be able to design the next generation of reactors. The real prize is the re-catalysation of the sector.”

For more nuclear news