Électricité de France

French multinational electric utility company

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July 2025 French Nuclear Safety and Radiation Protection Authority approved EDF's continued operation of 1300 MWe reactors beyond their initial 40-year lifespan.
March 2025 The Nuclear Policy Council agreed to provide a subsidised government loan covering at least half the build cost of six EPR2 reactors, with a Contract for Difference set at no more than €100 per MWh. The first three double EPR2 reactors are proposed for Penly, Gravelines, and Bugey sites, with construction planned to start in 2027.
January 2025 EDF announced the Nuward SMR conceptual design would be completed by mid-2026, with plans to bring the reactor to market in the 2030s, targeting an output of approximately 400 MWe and 100 MWt usable heat output.
2024 The French government was considering providing EDF with interest-free reactor development loans and a long-term electricity price guarantee to support future EPR2 builds.
July 2024 EDF announced discontinuation of the existing Nuward SMR design, deciding to develop a new design based on existing technologies after discussions with potential customers.
May 2024 EDF secured a €5.8 billion loan over 3-5 years to finance life extension of 900 MWe reactors by 10 years beyond their original 40-year lifespan, under the company's Green Financing Framework.
May 31 2024 Completed acquisition of GE Power's nuclear business, which was subsequently renamed Arabelle Solutions.
April 2024 EDF reorganized its nuclear business in preparation for planned government investment to construct six new EPR2 reactors scheduled to operate from 2035.
February 2024 EDF took a €12.9 billion impairment charge on Hinkley Point C nuclear power station cost overruns, with an additional €1.1 billion charge for inflation.
2023 France renewed a nuclear cooperation agreement with China and EDF renewed its partnership contract with China General Nuclear Power Group.
June 2023 Estimated cost of electricity market purchases and reactor issues reached approximately €29 billion by this date, with continued production shortfalls.
June 2023 EDF announced the start of the authorization process to build two EPR 2 reactors at the Penly Nuclear Power Plant, with site preparatory work anticipated to begin in summer 2024 and construction planned to start around 2027.
June 8 2023 French government completes full renationalization of EDF, estimating the cost at €5 billion, in response to decades of under-investment and the 2021-2022 global energy crisis.
June 8 2023 French government completes full renationalization of EDF, estimated to cost €5 billion.
March 2023 EDF created the Nuward subsidiary to design and manufacture a small modular reactor (SMR), with planned construction from 2030.
2022 Electricity production reduced to 279 TWh, 82 TWh less than expected, necessitating electricity purchases from the European market at high prices.
November 2022 EDF agreed to acquire GE Steam Power's nuclear activities, including manufacturing non-nuclear equipment for nuclear power plants and maintenance of existing nuclear facilities outside America.
September 3 2022 Energy Transition Minister Agnes Pannier-Runacher announced EDF's commitment to restart all reactors for the coming winter amid energy uncertainties from the Russian invasion of Ukraine.
July 2022 French government announced plans to fully nationalize EDF.
July 6 2022 French Prime Minister Élisabeth Borne announced the government's aim for full nationalization of EDF, emphasizing the need to ensure energy sovereignty and control over electricity production.
May 2022 EDF reported twelve reactors shut down for stress corrosion inspection, adjusting the nuclear output estimate for 2022 to 280-300 TWh, with an estimated EBITDA impact of -€18.5 billion.
February 2022 EDF's credit rating was downgraded.
February 2022 President Macron announced a plan to construct 14 new large nuclear reactors and extend the life of existing reactors beyond 50 years.
February 21 2022 S&P Global Ratings and Moody's downgraded EDF's credit rating due to technical issues at nuclear power plants.
January 2022 EDF calculated that the reduced price wholesale power supply would cost the company €8.4 billion (£7 billion), leading to the withdrawal of its profit guidance and a considerable drop in its share price.
2021 During the global energy crisis, EDF was required to sell 20 TWh of power to other domestic suppliers at a reduced price, which significantly impacted the company's financial performance.
2021 France exported 21.5 TWh of electricity to its neighbours in the second half of the year.
2021 Continued low fleet availability of around 72% for nuclear power plants, suggesting ongoing operational challenges.
2021 Serious stress corrosion cracking was discovered in the stainless steel safety system piping, requiring shutdowns for inspections and repairs.
December 2021 EDF had approximately €43 billion of debt, with investment analysts predicting it would exceed €60 billion by the end of 2022.
December 2021 France relied on electricity imports from Spain and Belgium due to cold weather and multiple nuclear plant outages.
October 2021 President Macron announced plans for France to become a leader in low-carbon energy production using small modular reactors and green hydrogen.
February 2021 Regulatory body ASN approved EDF's Grand Carénage programme, a €49.4 billion plan to life-extend nearly all French power reactors from 40 to 50 years.
2020 EDF targeted €500 million in cost savings by 2022 and planned to sell €3 billion of assets by 2022 to mitigate pandemic economic impacts.
2020 EDF withdrew financial targets for 2020 and 2021, and potentially delayed planned 10-year reactor upgrades.
2020 France's nuclear fleet availability began averaging approximately 72%, indicating a decline in operational efficiency of nuclear power plants.
2020 The French government announced plans to modify the wholesale nuclear power market, proposing a 'price corridor' to help EDF cover its costs and prevent price volatility.
June 2020 France had 56 operable nuclear reactors totaling 61,370 MWe, with one reactor under construction and 14 shut down or in decommissioning.
June 2020 Fessenheim nuclear power plant was finally closed, after previous delays in its planned shutdown.
April 2020 EDF estimated the coronavirus pandemic could reduce electricity consumption in France by 20%, projecting annual nuclear output of 300 TWh for 2020 and 330-360 TWh for 2021-2022, down from the pre-pandemic estimate of 375-390 TWh.
2019 Nuclear power generated 379.5 TWh of electricity in France, representing the largest source of electricity in the country.
October 2019 French Finance Minister Bruno Le Maire released an audit report criticizing the Flamanville 3 EPR project as a management and skills failure, demanding an action plan from EDF.
September 2019 France abandoned work on the advanced ASTRID reactor design, marking the end of sodium-cooled fast breeder reactor technology development efforts.
2018 EDF announced plans to invest up to €25 billion in photovoltaics solar power generation and introduce green electricity tariffs, signaling a major strategic commitment to renewable energy development.
November 2018 President Macron delayed the 50% nuclear power reduction target to 2035 and announced plans to close fourteen 900 MWe reactors.
July 2018 EDF further delayed fuel loading for the Flamanville 3 EPR project to Q4 2019 and increased project cost estimate by €400 million.
January 2018 French Energy Minister Nicolas Hulot indicated that building a New Model EPR was not a priority, with the focus instead on developing renewable energy and reducing nuclear energy's share.
2017 EDF took over the majority of Areva's reactor business in a French government-sponsored restructuring, following financial and technical problems with new EPR nuclear plant construction. The acquired reactor business was renamed Framatome.
2017 Initial announcement of potential closure of 17 French nuclear power reactors by 2025.

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