"Clifford Chance Advises Sizewell C Limited on £5 Billion Debt Raise and Groundbreaking Nuclear Project Financing"

"Clifford Chance, a global law firm, has successfully advised Sizewell C Limited on securing financial close for its nuclear power project in the UK. The project raised £5 billion in debt through private financial investors, marking a significant milestone as the first nuclear project globally to achieve this. The financing unlocks full-scale construction of the Suffolk-based plant, which aims to deliver cheaper, low-carbon electricity and save £2 billion annually for consumers. Clifford Chance provided comprehensive legal support across various aspects of the transaction, including financing, regulatory, and decommissioning arrangements."

Global law firm Clifford Chance advised Sizewell C Limited on a landmark transaction involving the financing of the first nuclear power project globally to be funded by independent, private financial investors. The transaction included Sizewell C Limited reaching financial close with a £5 billion debt raise backed by the BpifranceAE export credit facility, supported by thirteen banks. This financing model marks a significant milestone as the first new nuclear project in the UK to attract substantial private finance. The funds will enable full-scale construction of the Suffolk-based plant, which is expected to generate £2 billion in annual savings across the future low-carbon electricity system, leading to cheaper power for consumers. Clifford Chance's multi-disciplinary team was led by Partners John Wilkins, head of the firm's Global Nuclear Group, and Praveen Jagadish. Additional support was provided by Partners Ed Bretherton, Nic Cookson, Olivia Higgs, and Jemma Dick. Senior Lawyers involved included Keith Hauck, Joseph Woodworth, Ingrid Booth, Anthony Santangeli, Katie Kempthorne, Alex Blake, Samiha Bham, Lucy Roberts, Will Martin, Sophie Stratton, Emma Clarke, and Kirsten Hunt. Associates contributing to the transaction were Jack Foley, Jasmin Sahota, Connie Maskell, Kirsty Jones, Lily Grant, Brianna Harcus, and Dorothy Adu-mfum.

"Clifford Chance Advises Sizewell C Limited on £5 Billion Debt Raise and Groundbreaking Nuclear Project Financing"

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