Latest Developments

Southern Water submits Development Consent Order for Havant Thicket Reservoir

Southern Water submitted the Development Consent Order application for Havant Thicket Reservoir — the first new major UK reservoir in 30 years. DCO submitted, not yet consented, as of this cut-off; reservoir shell construction has been ongoing since 2022 under separate consents.

HS2 Ltd six-monthly Parliamentary report: total cost £87.7-102.7bn, Old Oak Common-Curzon Street opening 2036-2039

HS2 Ltd's statutory six-monthly Parliamentary report (corroborated by the National Audit Office, June 2026) confirmed total programme cost of £87.7-102.7bn and revised the Old Oak Common-Curzon Street opening to 2036-2039, with the full Euston-Curzon Street route now targeted for 2040-2043. Forecasts, not achieved milestones.

Rolls-Royce SMR and GBE-N sign Wylfa technology-design contract, backed by up to £599m National Wealth Fund loan

Rolls-Royce SMR and Great British Energy – Nuclear signed a technology-design and site-specific-design contract for the Wylfa SMR programme, backed by a National Wealth Fund loan facility of up to £599m to Rolls-Royce SMR Limited (the technology company, not project-level debt). Pre-FID.

Euston Delivery Company Limited established as single directing mind for HS2's Euston scope

Euston Delivery Company Limited was established as a newly-formed HS2 Ltd delivery vehicle — the single directing mind for the Euston station scope of the HS2 programme (£3.8bn spent to date, a further £4.1bn anticipated). Not a rename of HS2 Ltd; a distinct subsidiary/delivery vehicle for one station's scope.

EDF confirms Hinkley Point C cost rise to £48-50bn and delay to 2030

EDF's 2026 accounts confirmed Hinkley Point C's total cost has risen to £48-50bn (from ~£18bn at 2015 FID), with Unit 1 now expected in 2030. A forecast timing, not yet an achieved milestone as of this cut-off.

UK Allocation Round 7 secures record 8.4GW of offshore wind capacity

Ofgem's Allocation Round 7 secured a record 8.4GW of UK offshore wind capacity via Contracts for Difference, including Norfolk Vanguard East & West and Berwick Bank Phase B. Sector-level market development, not tied to a single project record.

SSE secures CfD for Berwick Bank Phase B — only Scottish AR7 award

SSE Renewables secured a Contract for Difference for Berwick Bank Wind Farm Phase B in Allocation Round 7 — the only successful Scottish fixed-bottom offshore wind award in the round. Strike price £89.49/MWh (2024 prices, CPI-indexed), 20-year term.

RWE and KKR agree 50/50 partnership on Norfolk Vanguard East & West following AR7 award

RWE and KKR agreed a 50/50 partnership on the Norfolk Vanguard East and West offshore wind projects (3.1GW combined) following their Allocation Round 7 CfD award — the largest single AR7 award. KKR's 50% acquisition into each RWE-developed asset is subject to customary regulatory approvals, closing expected summer 2026.