EDF confirms it is seeking more funding for Hinkley

EDF Chief Executive Jean-Bernard Lévy has written to staff confirming that the company is seeking further assistance in raising the required funding for the new Hinkley Point C power stations. The project has been rumoured to be about to reach a final investment decision several times in recent months but it has been repeatedly put off. This is the first time that there has been any official confirmation that EDF believes it needs more money to complete the project.

The company does appear to be open to different options to close the financial gap however. Asset sales are certainly one possibility but the French Government taking a direct stake is also on the table.