RWE/E.ON and EDF win UK nuclear auction

The UK government has confirmed that the Nuclear Decommissioning Authority has successfully completed the auction of three potential new nuclear sites for a combined total of £387 million, significantly more than the government had previously expected to raise.

French utility EDF won the auction to buy land to construct a new nuclear site at Bradwell in Essex, while a consortium made up of RWE and E.ON secured sites at Wylfa in Angelsey and Oldbury in Gloucestershire.

Spanish energy firm Iberdrola confirmed yesterday that its consortium with French utility GDF Suez and Scottish and Southern Energy had pulled out of the bidding for the three sites after auction prices soared.

"Due to technical, economic and financial reasons, the companies today decided

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