Apollo Global Management has committed £4.5 billion in unsecured debt financing to support the delayed and escalating Hinkley Point C nuclear power project in the UK.

Information on the Target

The target of this significant financing deal is the Hinkley Point C nuclear power plant, located in Somerset, UK. This project is led by the French energy group EDF and has faced numerous challenges, including prolonged delays and soaring costs. Originally projected to cost £18 billion and commence operations in 2025, the total budget for the project has now ballooned to approximately £46 billion, with the operational start date delayed to 2029.

The Hinkley Point C plant will be a pivotal energy source for the UK, contributing to the country’s goal of achieving a low-carbon energy mix. This nuclear facility is expected to provide electricity to about six million homes and help reduce reliance on fossil fuels, thereby supporting the UK’s climate objectives.

Industry Overview in the UK

The UK nuclear energy industry is a critical sector within the national energy landscape, particularly amid growing concerns around energy security and climate change. As the UK aims for net-zero emissions by 2050, nu