the renationalization of EDF “is not excluded”, according to Agnès Pannier-Runacher

the renationalization of EDF

Are we heading towards a renationalisation of EDF, listed on the stock market since 2005 but 84% owned by the State, in order to support and above all finance the revival of nuclear energy desired by the government? Such a project has not yet been decided, but it “is not excluded”, said Minister of Energy Transition Agnès Pannier-Runacher on Tuesday. “This decision will be watched, it is not decided, but it is not excluded”said the minister on the antenna of Europe 1.

Nationalization of EDF: what candidate Macron has in mind

In the event of a majority in the National Assembly, the Minister mentioned the initiation of a “Project to accelerate the energy transition in Parliament this summer (…). This is a project that will allow us to accelerate on renewable energies, but which will also allow us to accelerate on nuclear, because we must not fall behind and therefore we will also work on the shareholder trajectory , which makes up EDF’s shareholding”said the minister.

This project must also determine what funding do we need to provide as an 84% shareholder of EDF to enable this nuclear project which costs 60 billion euros and how are we going to manage this group which is essential for the nation and its energy sovereignty?she concluded.

Emmanuel Macron’s ambitions for the energy transition, which the Minister must lead, include several aspects, including energy sobriety (40% reduction in consumption by 2050), energy efficiency and finally the decarbonization of the energy by strongly developing renewable energies and by building 6 to 14 new generation nuclear reactors (EPR).

How to finance the relaunch of nuclear power

Are we heading towards a renationalisation of EDF, listed on the stock market since 2005 but 84% owned by the State, in order to support and above all finance the renewal of nuclear energy desired by the government? Such a project has not yet been decided, but it “is not excluded”, said Minister of Energy Transition Agnès Pannier-Runacher on Tuesday. “This decision will be watched, it is not decided, but it is not excluded”said the minister on the antenna of Europe 1.

Nationalization of EDF: what candidate Macron has in mind

In the event of a majority in the National Assembly, the Minister mentioned the initiation of a “Project to accelerate the energy transition in Parliament this summer (…). This is a project that will allow us to accelerate on renewable energies, but which will also allow us to accelerate on nuclear, because we must not fall behind and therefore we will also work on the shareholder trajectory , which makes up EDF’s shareholding”said the minister.

This project must also determine what funding do we need to provide as an 84% shareholder of EDF to enable this nuclear project which costs 60 billion euros and how are we going to manage this group which is essential for the nation and its energy sovereignty?she concluded.

Emmanuel Macron’s ambitions for the energy transition, which the Minister must lead, include several aspects, including energy sobriety (40% reduction in consumption by 2050), energy efficiency and finally the decarbonization of the energy by strongly developing renewable energies and by building 6 to 14 new generation nuclear reactors (EPR).

How to finance the revival of nuclear power

A program of which EDF will be “the strategic and central player”, underlined Agnès Pannier-Runacher. The French energy company, faced with a series of setbacks, in particular a corrosion problem which affects part of its French nuclear fleet and recently forced it to lower its production target several times this year, is heavily in debt .

Nuclear: despite the repeated problems, EDF pushes the fires into the atom

Its financial situation has also worsened due to the government’s decision to force it to sell more cheap electricity to its competitors in order to contain the electricity bill of households and small professionals. To finance his nuclear and renewable projects, Emmanuel Macron had already mentioned during the presidential campaign the possibility of renationalizing EDF. “I think that on some of the most sovereign activities, it must be considered that the State must take back capital, which also goes with a broader reform of the first French electrician”, he said during the presentation of his program on March 17.

presentation of its program on March 17.