NEP and NZT Power: A global debut for CCS project financings

In:

Power, Renewables

Region:

Europe

Thomas Hopkins

Deputy Editor

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The UK's framework for supporting carbon capture projects has been over a decade in the making, but has finally led to a successful project financing for the NEP and NZT Power projects. The model makes the projects bankable, while still requiring lenders to take on the technology risk associated with an entirely new asset class.