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EDF’s “suicidal” business strategy of prolonging nuclear power, despite EDF’s heavy debts

Alternatives Economiques 12th April 2018 , [Machine Translation]

EDF has just presented its long-term energy strategy
to the board of directors. While the cost of solar and wind energy is
falling every year – it is already half the price of new nuclear power –
Belgium confirms its exit from  that it does not intend to close a
nuclear reactor, except those in Fessenhenuclear power in 2025 and that Portugal has covered in March more than 100% of its electricity needs by renewables ources, EDF defies its main shareholder, the State, and stubbornly in the nuclear everything.

The group confirms , before 2029, jeopardizing its
profitability and viability with surplus electricity that will drive down
sales prices for producers. The programs of control of the energy demand
and the development of renewable energies will lead to a mechanical
reduction of the share of the nuclear energy in the French energy mix”.

Faced with the risk of the “cliff effect”, with the end of life at the same
time many nuclear reactors built at the same time, But EDF does not hear it
that way. In financial difficulties with debt that has almost tripled in
ten years, gross operating surplus to the lowest since 2006 and a wall of
investment coming nearly 160 billion over ten years 1 , the company s
‘Heading into a suicidal strategy: prolonging nuclear reactors as much as
possible. There is no outlet for this generation of electricity while
consumption has been decreasing in France for several years and renewables
are developing? EDF invents the myth of massive exports to neighboring
countries!  https://www.alternatives-economiques.fr/anne-bringault/edf-saborde-transition-energetique/000841

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April 16, 2018 - Posted by | business and costs, France

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