EDF

The proposed expansion of the Hinkley Point nuclear plant in the U.K., a joint project between French-based EDF and Chinese firm CGN, was thrown into fresh doubts this month as EDF’s CEO said the project cannot proceed without additional financial support from the French government. The hugely expensive project—at £18 billion ($25.5 billion) it would […]

France’s state-owned utility EDF will snap up between 51% and 75% of troubled nuclear giant AREVA’s reactor business in a possible $2.96 billion deal.  While the French government owns about 87% of AREVA and 85% of EDF, the utility that operates the nation’s aging 58-reactor fleet, it has pledged to look at all options to […]

More trouble has been reported at one of the four European Pressurized Water Reactor (EPR) units currently under construction. AREVA announced on April 7 that chemical and mechanical testing conducted on a reactor vessel head and bottom similar to that of the Flamanville EPR (a 1,630-MW unit under construction on the west coast of the […]

France will look at all options in an attempt to overhaul its state-run nuclear industry, French Energy Minister Ségolène Royal told reporters on Monday, after AREVA reported a $5.6 billion loss for 2014.  The nuclear giant announced in a Feb. 23 statement that it expects a hefty €4.9 billion loss ($5.6 billion) for 2014. The […]

“Pivoting” is a popular business buzzword, particularly in the context of startups, which often quickly change strategic direction. The global nuclear industry isn’t exactly a startup, but it is at or

On Oct. 8, the European Commission (EC) decided that the state aid included in the Hinkley Point C nuclear plant construction proposal is compatible with European Union state aid rules. The approval allows key elements of the agreement between EDF Group and the UK government, including a guaranteed “strike price” of £92.50/MWh ($148.76/MWh) for power […]