Home / Business and Economy / Hinkley Point C Delay Adds €2.5bn to EDF's Costs
Hinkley Point C Delay Adds €2.5bn to EDF's Costs
20 Feb
Summary
- Hinkley Point C will now start operations in 2030, a year later than planned.
- The latest delay increases the project's total cost to £35bn.
- This impacts EDF's full-year earnings, which fell to over €29bn for 2025.
Operations at the Hinkley Point C nuclear power station in Somerset are now expected to commence in 2030, a year behind the previous schedule. This latest setback will incur an additional cost of €2.5bn for the French utility company EDF. The project's total construction cost has risen to £35bn, nearly doubling the initial 2016 estimate.
EDF's chief executive described the revised forecasts as more realistic, placing the operational start within a previously indicated range. Despite the delays and escalating costs, Hinkley Point C is projected to supply approximately 7% of the UK's electricity demand upon completion. EDF's financial performance for 2025 reflected these challenges, with earnings declining to over €29bn from €36bn the prior year.
