Rolls-Royce said Qatar has agreed to invest £85m in its nuclear reactor business in return for a 10% stake.
The investment is being made by the emirate’s sovereign wealth fund, the Qatar Investment Authority (QIA).
Rolls said it was building a new technology solution to deliver affordable, low carbon, nuclear power. A single power station will occupy around one tenth of the size of a conventional nuclear generation site and power approximately one million homes.
QIA will join Rolls-Royce Group, BNF Resources UK Ltd and Exelon Generation Ltd as shareholders in Rolls-Royce Small Modular Reactors.
