Complex CFD finances Hinkley Point C

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Some of the most complex financing structures in the world were put in place to pave the way for the development of Hinkley Point C (HPC), a headline-making Chinese-funded nuclear power investment project in the UK, said a lawyer involved in the project.

“The financial viability of HPC is underpinned by a contract-for-differences [CFD] structure, pursuant to which the UK government has agreed on a minimum price for the power that HPC generates so that if prices fall below that level, the project company will receive a top up, which will in effect be funded by all UK users of electricity,” Alex Doughty, a partner at Eversheds in London and one of the team leaders in the project, told China Business Law Journal.

complex-cfd-finances-hinkley-point-cDoughty said HPC is one of the world’s most complex project financings currently underway, and the challenging piece of work involves the development of innovative financing structures. The contract-for-differences will last for 35 years.

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