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Horizon Nuclear Power meaning

Published by a LexisNexis Energy expert
What does Horizon Nuclear Power mean?
In legal practice, Horizon Nuclear Power refers to the Hitachi-owned UK project company established to deliver nuclear new build at Wylfa Newydd (Isle of Anglesey) and Oldbury (South Gloucestershire). It is a descriptive corporate name rather than a term defined in legislation or case law, but it appears widely in contracts, regulatory filings and planning documents. Horizon acted as promoter/applicant for the Wylfa Newydd Nationally Significant Infrastructure Project under the Planning Act 2008 and was the intended counterparty for land assembly, grid connection, supply chain and financing arrangements, and for applications for a nuclear site licence (ONR) and environmental permits (NRW/EA). Hitachi suspended development in 2019 and, in 2020, announced its withdrawal from the UK projects. The Wylfa Newydd Development Consent Order application was withdrawn in 2021. Horizon is not progressing the previously stated c.5.4 GW programme. Usage is consistent across England & Wales, Scotland, Northern Ireland and Ireland as an identifier of the project company. Practically, the term remains relevant in due diligence, title and option reviews, planning and consenting history, and contractual legacy matters concerning the Wylfa Newydd and Oldbury sites.
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