Linklaters advises UK Government on landmark Sizewell C investment

Linklaters has advised the UK Government in securing investment for the Sizewell C nuclear plant in Suffolk, enabling the government to give the final go-ahead for the £38bn project.

Under the deal, the British state will be the largest shareholder in the project with an initial 44.9% stake.

The decision to go ahead with Sizewell C reflects a broader resurgence of nuclear energy in Europe, as several countries seek to modernise their energy mix, strengthen energy security, and ensure reliable low-carbon electricity supplies to support climate ambitions.

The firm has been advising the UK Government since 2018 on nuclear projects, in particular how to structure regulated asset base model which has been so successful in attracting private capital into the nuclear industry and delivering a new public/private ownership model to deliver Sizewell C.

Charlotte L Morgan commented:

“We are proud to have supported the UK Government on this significant step for both domestic energy security and the UK’s net zero journey. Sizewell C will play an important role in delivering reliable, low-carbon electricity for generations to come. We are delighted to have contributed to developing the legal and regulatory structures to make this pivotal investment a reality and to help secure a low carbon energy future.”

The Linklaters team was led by Energy & Infrastructure partner Charlotte L Morgan, alongside partners Maryam Adamji and Stephen Le Vesconte, with support from counsel Rasha Sami and Gitanjali Shankar, and managing associates Karen Clarke, Imogen Ormerod and Jamie McPhie.