In 2017, a consensus of government and industry developed that the Contract for Difference financing model used for Hinkley Point C nuclear power station, involving fully private sector financing, may not used for subsequent nuclear plants, and discussions with government are under way about alternative finance mechanisms for the following possible development at Wylfa by Horizon Nuclear Power for parent Hitachi. However, on 17 January 2019, Horizon announced that it was suspending its UK nuclear development programme. The UK government had been willing to take a one-third equity stake in the project, to consider providing all the required debt financing, and to provide a Contract for Difference for the electricity generated at up to £75/MWh for 35 years. Greg Clark, minister for Business, Energy and Industrial Strategy, stated this was a "generous package of potential support that goes beyond what any government has been willing to consider in the past". However this did not provide an adequate "economic rationality as a private enterprise" for Hitachi to proceed.