Stephenson Harwood advises on Sizewell C power project
Stephenson Harwood LLP is advising on the Sizewell C power project, which on 4 November 2025 reached financial close.
Financial close marks the commencement of revenue flows and ensures construction works to continue with certainty. Sizewell C's funding consists of private investment, backed by a RAB model, and debt funding. Investors, including those that have joined through financial close, now have board representation, with HM Government as the largest shareholder at 44.9%. Ultimately, this milestone signals that Sizewell C is ready to move to the next stage of the project, in support of the UK's net zero ambitions.
Stephenson Harwood is advising Sizewell C on employment, pensions, employee incentives, data protection regulations, technology contracts, marine and harbour works, and the civil contracts. The cross-practice team was led by Head of Employment and Partner Paul Reeves, with support from Partners Richard Freedman (employment), Stephen Richards (pensions), Nicholas Stretch (tax and incentives), Jonathan Cripps and Graeme Barton (projects, energy and infrastructure), Simon Bollans and Jonathan Howie (technology), Katie Hewson (data protection), and Alex Davis (marine).
Paul Reeves, Partner, said: “Energy transition is one of the defining challenges of our time, and nuclear projects like Sizewell C are a crucial part of the solution. By providing reliable, low-carbon power at scale, Sizewell C will help secure the UK's energy future while supporting our net zero ambitions. We are proud to support this landmark project, which demonstrates how innovative financing and collaboration can drive progress towards a more sustainable energy system."
