Electricity supplier Scottish and Southern Energy (SSE) has today confirmed it is pulling out of a deal to develop a new nuclear power station.
SSE is selling its 25% stake in new build nuclear developer Nugen to focus on expanding its renewable energy assets.
“We have made it clear from the start of our involvement in NuGen that for SSE our core investment in generation should be in renewable energy,” said SSE generation and supply director Alistair Phillips-Davies.
The firm is selling its £19M stake to French energy firm GDF Suez, and Spanish utility Iberdrola — the other partners in the Nugen consortium. Nugen is in the preliminary stages of developing a 3.6GW nuclear power station near Sellafield in West Cumbria.