Hitachi is to buy Horizon Nuclear Power from Germany’s E.On and RWE, which are withdrawing from the UK nuclear market.

Japan’s Hitachi signed a £700m deal giving it rights to build a new generation of power plants.Once Hitachi’s reactor design is approved by the necessary authorities the company intends to build 6 gigawatts of nuclear capacity, with the first plant generating power in the first half of the next decade.

Up to 6,000 jobs are expected to be created during construction at each site, thousands more in the supply chain, and a further 1,000 permanent jobs at both locations once operational.

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