German utility RWE freezes the development of a 2.5GW gas plant and energy storage project in the UK.
The company said the decision for the Tilbury Energy Centre “has not been taken lightly” and was made “based on current market conditions and project costs”.
The project was expected to create 1,500 jobs during construction and 100 during operation.
RWE said in a statement: “The decision to freeze Tilbury Energy Centre has not been taken lightly, it will be a disappointment for those who have been working so hard to get us to the stage we have reached. We would like to sincerely thank the local authorities and community for their support during the past year.
“As always, RWE will constantly explore options for how best to develop out site in Tilbury, which remains a good location for future energy options.”
Japanese firm Toshiba today confirmed it is withdrawing from plans to build a nuclear power station in Cumbria.
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