My comment is exactly correct.

EDF gets subsidies from the state for their renewables projects.

EDF pays nuclear profits to the state. And to the rest of French industry via the ARENH program.

Facts.

That private money going into renewables is great at getting guaranteed state subsidies.

It's the best business model ever.

> It's the best business model ever

In France the Cour of Audit concluded that electricity produced by the EPR must be sold at 138€/MWh (2023 value) in order to obtain a tiny ROI (4%). This is a financial disaster. Proof page 29: https://www.ccomptes.fr/fr/publications/la-filiere-epr-une-d...

Renewables, on the other hand... While many reactors were down in France (intermittency, anyone?) they did cope: https://www.iea.org/reports/renewable-energy-market-update-j...

Renewables: a modest gain... 7 billions €! Source: official Commission in charge in France, page 4 https://www.cre.fr/fileadmin/Documents/Deliberations/2024/24...

I love this. Just pretend that no new nuclear power needs to ever be built and it is economical based on the current economics of soon half a century old paid off plants.

Since the EPR2 program is in absolute shambles and the subsidy scheme hasn’t been finalized just pretend that it doesn’t exist!

They are only talking about CFDs, zero interest loans and credit guarantees! Those doesn’t cost money! Not until they start being paid out! Therefore does new built nuclear power does not need any subsidies. QED.

Or the French were talking about it. Until the government collapsed due to being underwater in debt with a spending problem they are unable to reign in.

We all know the one way to solve a spending problem is an unfathomably large handout to the dead-end nuclear industry!

Please. This is getting laughable. Facts be damned, just ignore reality and with a scalpel cherry pick a few disjointed facts.