France and the United Kingdom are bound by a joint cooperation agreement on nuclear energy

The agreement, accompanied by another agreement on energy cooperation, was signed on the occasion of the Franco-British Summit in Elysee Palace in Paristhe first in five years, in which the French president, Emmanuel Macronthe British Prime Minister, Rishi Sunak.

Alliance goals

French sources indicated that the first goal of this alliance is to “send a very strong political message, to administrations and companies in the two countries, that cooperation is very strong.”

In addition, they stressed thatDefining this shared ambition with the British can help us on the European stage.“.

A clear reference to the quarrels within the European Union between the bloc of pro-nuclear nations, Led by Francewhich seeks to identify the role of electricitydecarbonisedNuclear power plants are within society’s goals for the energy transition and those who reject it, such as Germany or Spain.

The two countries commit to working with other G7 leaders

in his statement, The two countries commit to working with other G7 leaders Take concerted steps to reduce Russia’s dependence on civilian atomic energy, which above all includes diversifying uranium supplies and the capacity to produce nuclear fuel.

France produces approx 70% of its electricity with 56 reactors From the nuclear park run by the state company EDF the UK intends to increase the weight of atomic electricity from 15% to 25%.

EDF, which operates many of the UK’s atomic reactors, is responsible for building two EPR reactors in the UK Hinckley Point.

In addition, it participates in the consortium with British government (from which the Chinese shareholder departed in November) to build another pair of two EPR reactors at the Sizewell C power plant, on the east coast of England, where the British CEO announced in November an initial investment of £700m.

Lays the foundations for a potential increase in electrical connectivity between France and the United Kingdom

It is expected that from now until summer a Commit to your financingIt was estimated at 20 thousand million pounds (about 22,600 million euros).

The agreement also lays the foundations for a potential increase in electrical connections between the two countries France and the United Kingdom. There are currently three of them with 4GW capacity and London wants to expand under its target of at least 18GW of interconnection capacity.