EDF takes €12.9bn hit after Hinkley Point C delays and cost overruns

French energy firm swung to profit in 2023 despite impairment charge on struggling nuclear project in UK

The owner of the Hinkley Point C power plant has taken a near €13bn hit after delays and cost overruns to the vast nuclear project, which have triggered international political tensions.

France’s EDF Energy said it had taken a €12.9bn impairment charge on the project, weeks after it blamed inflation, Covid and Brexit for a four-year delay and extra £2.3bn bill for the Somerset plant.