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Plans to build two new nuclear power plants in the UK have been scrapped after Japanese backer Hitachi withdrew.
Work on the £ 20 billion project, with a site at Wylfa on Anglesey, North Wales and a second proposed location at Oldbury, South Gloucestershire, had already been suspended last year due to financing problems.
The plan was expected to create thousands of jobs and enough capacity to power 11 million homes.
Hitachi confirmed on Wednesday that it was finally going offline, 20 months after the suspension, noting that “the investment environment has become increasingly severe due to the impact of COVID-19.”
It had already written off £ 2.1 billion spent on the plans.
Horizon Nuclear, the developer of the Hitachi-owned project, said: “Horizon will now take steps for the orderly closure of all its current development activities, but will keep the lines of communication open with the government and other key stakeholders regarding the options. future at our two sites. “
