Hinkley Point power plant approval victory for Somerset
Southwest Region MEP Clare Moody today welcomed the decision taken by the European Commission to green light the Hinkley Point C Nuclear Power Plant project, under a deal that will bring Somerset and the wider Southwest 25,000 job opportunities.
The 25,000 job opportunities will be created over the next decade of the build, and 900 jobs over the 60 year life of the new stations. Over £2bn will be invested into the local economy over the life time of the project.
Clare Moody MEP said, "Hinkley Point will provide the high-quality, long-term jobs and sustainable growth for local communities that are a priority for me as a Member of the European Parliament for the Southwest Region.
"As a long term investment plan that brings new, high quality skills to the labour market in Somerset and the UK, Hinkley will benefit the local economy and ensure careers in growing industries. It is exactly the sort of sustainable investment I am fighting for as a Southwest MEP."
The UK has 16 reactors generating about 18% of its electricity and all but one of these will be retired by 2023, at time when rising energy prices and declining North Sea Oil is forecast. When fully operational, Hinkley Point should be capable of producing 7% of the UK’s electricity - enough for 5 million UK homes.
On the low carbon economy, Clare Moody commented, "Hinkley Point is crucial in ensuring a new phase of nuclear reactors is rolled out across the UK.
"Nuclear is low carbon, and easy to produce. It will ensure we keep Britain's lights switched on and our greenhouse gas emissions low.
"Continued research into regulation of nuclear power ensures that it is safe, secure, and it should be a vital part of our energy mix.
"In these difficult times it also ensures there is diversity of energy supply for the UK."