Rolls-Royce Group has reached agreement with Qatar Investment Authority (QIA), the sovereign wealth fund of the State of Qatar, to invest £85m in Rolls-Royce SMR Limited, the company building a new small modular reactor for deployment early next decade.
QIA will join Rolls-Royce Group, BNF Resources UK Ltd and Exelon Generation Ltd as shareholders in Rolls-Royce SMR, taking a 10% share of the equity.
Rolls-Royce said in November it was pushing ahead with plans to develop and deploy a new generation of SMRs after raising £450m in funding from investors and the government.
The company has now said its Rolls-Royce SMR business is fully funded, having secured £490m in funding.
QIA will join Rolls-Royce Group, BNF Resources UK Ltd and Exelon Generation Ltd as shareholders in Rolls-Royce SMR, taking a 10% share of the equity.
Rolls-Royce said in November it was pushing ahead with plans to develop and deploy a new generation of SMRs after raising £450m in funding from investors and the government.
The company has now said its Rolls-Royce SMR business is fully funded, having secured £490m in funding.
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