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Nuclear land auction raises £400m for clean-up work

Almost £400 million has been raised from foreign investors in an auction of three potential UK nuclear power station sites.

It has been confirmed that a consortium of German energy giants RWE and E.ON will buy land near existing nuclear power sites at Wylfa on Anglesey in North Wales and Oldbury in Gloucestershire, while French firm EDF bought a site at Bradwell in Essex.

The auction, which was launched by the Nuclear Decommissioning Authority last month, is understood to have raised more money than expected.

The NDA will use the money to support its clean-up operations at nuclear sites.