Following up on our previous reporting that France's Emmanuel Macron was considering the use of nuclear in his country's decarbonization plans, it was reported this week that France will in fact build new nuclear reactors, according to Reuters.
The reactors will be built to help the country meet its global warming targets and keep prices under control, Macron said this week.
He called the decision to continue building new reactors to keep prices down "reasonable", five months before the country's Presidential election.
"We are going, for the first time in decades, to relaunch the construction of nuclear reactors in our country and continue to develop renewable energies," Macron said.
The move will "guarantee France's energy independence, to guarantee our country's electricity supply and achieve our objectives, in particular carbon neutrality in 2050," he continued.
Reuters reports that the government should be set to announce construction of up to six new pressurized-water reactors within the next few weeks.
NXG Price at posting:
$8.60 Sentiment: Buy Disclosure: Held
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