Working with all relevant parties, the joint venture’s aim is to secure sites suitable for nuclear power stations. Both Iberdrola and Scottish and Southern Energy (SSE) may consider adding partners to the joint venture in the future.

Pedro Azagra, Iberdrola’s director of development, said: “Iberdrola is committed to the UK market, and welcomes the UK’s plans to develop nuclear power plants for low-carbon energy supply.”

Alistair Phillips-Davies, SSE’s energy supply director, said: “We accept that one more tranche of nuclear power stations is necessary for the UK’s energy policy goals from around the end of the next decade. We also recognize that we will have to continue to be able to source power generated from nuclear stations if we are to be able to meet our customers’ energy needs in the long term.”

Iberdrola claims to be a prominent energy company in the world by market capitalization. It has achieved this position by strengthening out commitment to sustainable development and care for the environment, which has earned recognitions. Based on these principles, Iberdrola will continue working in pursuit of its target of creating good areas.