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Ademe, a French government agency, said France would save 39 billion euros ($44.
5 billion) if it did not build 15 new nuclear power plants by 2060 and invest in renewable energy to replace all of its aging nuclear power facilities
.
According to a report by the country's environment ministry, France should invest 1.
28 trillion euros over the next four decades, mainly for clean electricity production and storage capacity, networks and imports
.
If it does, France will gradually shut down its 58 nuclear power plants, and renewables will account for 95 percent of its electricity production by 2060, up from 17 percent
last year.
According to the Ministry of Environment, it is assumed that the reactor will generate electricity at a cost of 70 euros per megawatt-hour, while the cost of wind and solar energy will be significantly reduced
.
French President Emmanuel Macron previously announced that the state-controlled Electricite de France SA must shut down 14 of its 58 nuclear reactors by 2035 to allow renewables to expand the country's electricity mix
.
The falling costs mean PV facilities will not need subsidies from 2030, and onshore wind will not need subsidies
by 2035, the report said.
The report also assumes that EDF stops 30 percent of its reactors after 40 years of operation and reduces them by another 30 percent
after 50 years.
Otherwise, excess production capacity will undermine the economic benefits
of nuclear power and renewable energy.
The study did not consider the impact
on employment, industry and the environment.
However, "we expect job creation from renewable energy and energy efficiency to largely compensate for job losses in the nuclear industry," said Arnaud Leroy, chairman of Ademe
.
Ademe, a French government agency, said France would save 39 billion euros ($44.
5 billion) if it did not build 15 new nuclear power plants by 2060 and invest in renewable energy to replace all of its aging nuclear power facilities
.
According to a report by the country's environment ministry, France should invest 1.
28 trillion euros over the next four decades, mainly for clean electricity production and storage capacity, networks and imports
.
If it does, France will gradually shut down its 58 nuclear power plants, and renewables will account for 95 percent of its electricity production by 2060, up from 17 percent
last year.
According to the Ministry of Environment, it is assumed that the reactor will generate electricity at a cost of 70 euros per megawatt-hour, while the cost of wind and solar energy will be significantly reduced
.
French President Emmanuel Macron previously announced that the state-controlled Electricite de France SA must shut down 14 of its 58 nuclear reactors by 2035 to allow renewables to expand the country's electricity mix
.
The falling costs mean PV facilities will not need subsidies from 2030, and onshore wind will not need subsidies
by 2035, the report said.
The report also assumes that EDF stops 30 percent of its reactors after 40 years of operation and reduces them by another 30 percent
after 50 years.
Otherwise, excess production capacity will undermine the economic benefits
of nuclear power and renewable energy.
The study did not consider the impact
on employment, industry and the environment.
However, "we expect job creation from renewable energy and energy efficiency to largely compensate for job losses in the nuclear industry," said Arnaud Leroy, chairman of Ademe
.
