Chinese-backed nuclear energy finance company announces global investment push ahead of London summit
Nuclear power investment company Ocean Nuclear announces that it has conducted the first of its European meetings with investors in London on 7 June 2018 as part of a global roadshow programme of 144 meetings.
The roadshow outlines the opportunities around investment in nuclear power to potential investors as they seek to raise $5 billion as part of the first phase of their fundraising programme. This first European roadshow meeting was timed to coincide with the Global Nuclear Investment Summit, which Ocean Nuclear is co-sponsoring.
Headquartered in Shenzhen, China, Ocean Nuclear has already negotiated nuclear infrastructure projects in more than 20 countries around the world and will talk in more detail to roadshow participants about the specific projects. Current investment partners include the Silk Road Energy Fund, which is jointly backed by China’s foreign exchange reserves, China Investment Corporation, the Export-Import Bank of China and China Development Bank. The Silk Road Energy Fund aims to raise $80M (500M RMB) and was founded to support the Belt and Road infrastructure development initiative, which is linked to former UK Prime Minister David Cameron. Other funding partners include the Sunac China Infrastructure Fund, which aims to raise $2Bn.
Ocean Finance and the Financial Times jointly organised a Global Nuclear Investment Summit at the Guildhall in the City of London, on 7 June. Open to a broad range of stakeholders, the summit saw major players in the global nuclear industry discuss the complex challenges facing the nuclear industry and the wider issues of energy generation in an age of shifting global political allegiances and priorities. Panellists and speakers included Tom Greatrex, from the Nuclear Industry Association, Humphrey Cadoux-Hudson, from EDF Energy and King Lee, of the World Nuclear Association.
Zhen Qiu, Chairman, Ocean Nuclear, commented: “We hope that together the summit and the roadshow will act as a catalyst for Sino-British nuclear cooperation and for investment and advancement in our industry. With some strong brands from the world of infrastructure investment already involved, we are confident we can achieve our ambitious phase one global fundraising target of $5Bn and there is no better place to start the European stage of our tour than the powerhouse of finance that is London.”