- 15 updates
The UK's stuttering nuclear renaissance received a huge boost on Tuesday when Japanese engineering giant Hitachi took over plans to build two power plants in a £700 million deal which will create thousands of jobs.
ITV News' Business Editor Laura Kuenssberg reports:
The Energy Secretary Edward Davey has defended the 'contracts for difference' telling ITV News Business Editor Laura Kuenssberg that it is not a subsidy by another name.
There are questions over a minimum price guarantee having to be underwritten by the tax-payer and acting as a subsidy.
Friends of the Earth Cymru have spoken out against the announcement that Japanese company, Hitachi, will be building a nuclear power plant on Anglesey.
Wales' First Minister Carwyn Jones has insisted that new nuclear plants on Anglesey would be good for the Welsh economy, while Welsh Secretary David Jones called the deal a "huge boost" for the principality.
Caroline Flint MP, Labour's Shadow Energy and Climate Change Secretary, said:
Greenpeace Energy Campaigner Leila Deen:
Unite has welcomed the news that Japanese company Hitachi will take over the Horizon venture, Kevin Coyne from the union said:
After the announcement that Hitachi is buying the Horizon nuclear project, Corin Taylor, Senior Economic Adviser at the Institute of Directors, said:
Energy Secretary Edward Davey said the announcement was "a vote of confidence" in the Government's energy policy.
He told BBC Radio 4's Today programme:
Mike Clancy, general secretary-designate of the Prospect union, said:
Latest ITV News reports
Ministers will delightedly make their announcements later. But one question remains - how much subsidy will new nuclear receive?