The UK government has approved the construction of the Sizewell C nuclear power plant in Suffolk, marking a final investment decision on the £38 billion ($51 billion) project. Sizewell C is a critical component of the UK’s energy and climate strategy. The project has secured private investment from several entities, including British energy company Centrica, which is set to acquire a 15% stake valued at approximately £1.3 billion. French energy giant EDF will hold a 12.5% stake, becoming the plant’s first private shareholder. Additionally, Canadian firm Brookfield Corporation is negotiating a 20% stake in the project. The investment agreements were signed following significant cost increases, with the project now costing nearly twice the original estimate. The deal is expected to add about £1 to monthly household energy bills in the UK. This approval follows the UK government’s broader push to expand nuclear and renewable energy capacity, as Scotland recently greenlit what would be the world’s largest offshore wind farm.