Defects force EDF to shut down fifth nuclear reactor

Corrosion has led to another reactor being decommissioned. At the same time, an already beleaguered project has been postponed yet again, while a price cap is shaving off EUR 8.4bn of the French utility's expected full year results.

Photo: Stephane Mahe/REUTERS / X02520

It should be a golden age for Électricité de France. With energy prices going up due to shortages of Russian gas, the French utility stands as Europe's dominant player within nuclear power and offers a cheaper alternative with zero-carbon, baseload capacity. At the same time the company is riding a wave of renewed public enthusiasm for the technology, which the EU Commission is proposing to include in its sustainable investment taxonomy as a green asset.

But this is in no way a golden age for EDF – not by a long shot.

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