Qatar takes 10 per cent stake in Rolls-Royce SMR

• 2 years ago (2021-12-21)
• David Flin

Europe 1088 Nuclear 659

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Qatar Investment Authority (QIA) has confirmed that it will take a 10 per cent stake in the Rolls-Royce small nuclear reactor arm, with an investment of £85 million.

Rolls-Royce, which retains a 70 per cent stake, said that the SMR project is now “fully funded”, with a total investment of £500 million.

Rolls-Royce SMR has been established to set up SMR around the UK. It hopes to build its first 470 MW reactor in the early 2030s.

Warren East, CEO of Rolls-Royce Group, said: “I am tremendously pleased to announce that we have further strengthened our relationship with Qatar, through QIA’s investment in the Rolls-Royce SMR business. We have successfully raised the capital we need to establish Rolls-Royce SMR and it is encouraging to confirm that the business is now set up to succeed.”