{"id":1251,"date":"2025-06-20T16:42:51","date_gmt":"2025-06-20T16:42:51","guid":{"rendered":"https:\/\/retrotradingreport.com\/index.php\/2025\/06\/20\/apollo-backs-4-5bn-loan-for-delayed-hinkley-point-c-nuclear-plant\/"},"modified":"2025-06-20T16:42:51","modified_gmt":"2025-06-20T16:42:51","slug":"apollo-backs-4-5bn-loan-for-delayed-hinkley-point-c-nuclear-plant","status":"publish","type":"post","link":"https:\/\/retrotradingreport.com\/index.php\/2025\/06\/20\/apollo-backs-4-5bn-loan-for-delayed-hinkley-point-c-nuclear-plant\/","title":{"rendered":"Apollo backs \u00a34.5bn loan for delayed Hinkley Point C nuclear plant"},"content":{"rendered":"
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One of Britain\u2019s most delayed and expensive infrastructure projects, the Hinkley Point C nuclear plant, is receiving a crucial financial lifeline. <\/p>\n

US asset manager Apollo Global Management is reportedly preparing to lend \u00a34.5 billion to plug a funding gap for the site in Somerset. <\/p>\n

This move<\/a> signals a broader shift in the UK\u2019s energy funding model, where large-scale public infrastructure is increasingly being supported by private investment capital. <\/p>\n

The Financial Times reported the deal on June 20, and two anonymous sources later confirmed key details to CNBC, highlighting Apollo\u2019s role in providing unsecured, investment-grade debt at a sub-7% interest rate.<\/p>\n

Hinkley Point C faces fresh cost pressures<\/h2>\n

The Hinkley Point C project, owned by France\u2019s EDF, has been plagued by rising costs and repeated delays. <\/p>\n

As of early 2024, the estimated cost of completing the twin-reactor station has ballooned past \u00a340 billion, making it the most expensive nuclear development in the country\u2019s history. <\/p>\n

EDF had been left to bear this financial burden alone after China General Nuclear Power Corp (CGN) withdrew its support in late 2023. <\/p>\n

CGN\u2019s exit followed the UK government’s decision to push the Chinese firm out of another nuclear development at Sizewell, raising geopolitical concerns over China\u2019s access to critical infrastructure.<\/p>\n

In response, EDF began searching for private capital to help shore up the project. Apollo\u2019s involvement fills a crucial gap created by CGN\u2019s exit, allowing construction to continue without immediate state financing. <\/p>\n

Despite setbacks, the first reactor at Hinkley is now expected to begin generating electricity by 2029. <\/p>\n

When complete, it is projected to supply energy to six million homes across the UK.<\/p>\n

Private equity sees long-term gains in UK infrastructure<\/h2>\n

Apollo\u2019s decision to back Hinkley Point C with billions in unsecured debt underscores growing confidence among private equity players in the UK\u2019s infrastructure sector. <\/p>\n

The deal also reflects a broader trend: institutional investors are increasingly looking to put capital into long-horizon, capital-intensive assets like energy, transport, and housing. <\/p>\n

Earlier this month, Apollo President Jim Zelter told investors that the firm sees scope to deploy $100 billion across Europe in the next decade, including in Germany, where energy and data centre projects are expected to expand rapidly.<\/p>\n

The Hinkley loan, if finalised, would mark one of the largest private investments in a UK energy project with national significance.<\/p>\n

Energy strategy pivots amid political and financial risks<\/h2>\n

Hinkley Point C is the UK\u2019s first new nuclear power station in decades and forms a key part of the government\u2019s long-term energy strategy. <\/p>\n

Nuclear remains a politically sensitive topic in Europe, but the current administration has pushed ahead with plans to approve more domestic projects to reduce reliance on fossil fuels and imported energy.<\/p>\n

The recent financial strain at Hinkley has also exposed the risks of relying on foreign partners, particularly amid rising geopolitical tensions. <\/p>\n

CGN\u2019s removal from UK nuclear plans was partly due to security concerns, prompting a policy shift towards Western capital for funding strategic assets.<\/p>\n

Despite its long gestation and cost overruns, Hinkley Point C is seen as essential to the UK\u2019s net-zero ambitions. <\/p>\n

Once operational, it is expected to generate around 3.2GW of electricity, helping stabilise the country\u2019s grid during the transition to renewables.<\/p>\n

The post Apollo backs \u00a34.5bn loan for delayed Hinkley Point C nuclear plant<\/a> appeared first on Invezz<\/a><\/p>\n

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One of Britain\u2019s most delayed and expensive infrastructure projects, the Hinkley Point C nuclear plant, is receiving a crucial financial lifeline. US asset manager Apollo Global Management is reportedly preparing to lend \u00a34.5 billion to plug a funding gap for the site in Somerset. This move signals a broader shift in the UK\u2019s energy funding…<\/p>\n","protected":false},"author":1,"featured_media":1252,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-1251","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/posts\/1251","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/comments?post=1251"}],"version-history":[{"count":0,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/posts\/1251\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/media\/1252"}],"wp:attachment":[{"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/media?parent=1251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/categories?post=1251"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/tags?post=1251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}