France reducing its dependence on nuclear energy, upping renewables …

….. while building Hinkley Cin the UK!

“… In a long-awaited speech on energy strategy, President Emmanuel Macron said France would reduce the share of nuclear in the power mix to 50 percent by 2035, down from 75 percent today, rather than the total phasing out planned by neighbour Germany.

The fate of EDF, long a symbol of French industrial might and a world leader in nuclear technology, is a politically sensitive issue in France. It has already led to the resignation of Macron’s former ecology minister, Nicolas Hulot, who accused the president of dragging his feet on nuclear power.

“I was not elected on a promise to exit nuclear power but to reduce the share of nuclear in our energy mix to 50 percent,” Macron said in an hour-long address, adding that 14 of EDF’s 58 nuclear reactors would be closed by 2035.

EDF shares fell up to 4 percent on news of the plans, which a source close to the president’s office said could involve the state increasing its stake in the company. By 1630 GMT the shares were down 0.25 percent.

Macron’s action plan is broadly in line with EDF’s desire not to close any reactors before 2029, besides the previously scheduled closure of Fessenheim’s two reactors near the German border. No further closures are planned before the end of Macron’s term in 2022

Another two will be shut down over 2027-28 and a further two could face closure as early as 2025-26 if there is no risk of jeopardising France’s power supply.

In his election campaign, Macron promised to stick to the former Socialist government’s target of reducing the share of nuclear to 50 percent by 2025. But he rowed back on the pledge a few months after taking office, angering environmentalists.”

In a long-awaited speech on energy strategy, President Emmanuel Macron said France would reduce the share of nuclear in the power mix to 50 percent by 2035, down from 75 percent today, rather than the total phasing out planned by neighbour Germany.

The fate of EDF, long a symbol of French industrial might and a world leader in nuclear technology, is a politically sensitive issue in France. It has already led to the resignation of Macron’s former ecology minister, Nicolas Hulot, who accused the president of dragging his feet on nuclear power.

“I was not elected on a promise to exit nuclear power but to reduce the share of nuclear in our energy mix to 50 percent,” Macron said in an hour-long address, adding that 14 of EDF’s 58 nuclear reactors would be closed by 2035.

EDF shares fell up to 4 percent on news of the plans, which a source close to the president’s office said could involve the state increasing its stake in the company. By 1630 GMT the shares were down 0.25 percent.

Macron’s action plan is broadly in line with EDF’s desire not to close any reactors before 2029, besides the previously scheduled closure of Fessenheim’s two reactors near the German border. No further closures are planned before the end of Macron’s term in 2022

Another two will be shut down over 2027-28 and a further two could face closure as early as 2025-26 if there is no risk of jeopardising France’s power supply.

In his election campaign, Macron promised to stick to the former Socialist government’s target of reducing the share of nuclear to 50 percent by 2025. But he rowed back on the pledge a few months after taking office, angering environmentalists.”

https://uk.reuters.com/article/uk-france-energy/edf-restructuring-expected-as-france-reduces-reliance-on-nuclear-idUKKCN1NW14A

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