Sizewell and EdF Finances

EDF’s new boss has vowed to speed up the delivery of new nuclear

reactors in an increasingly competitive market, after costly overshoots in
the past weighed on the French energy group. The company wants to use the
development of the UK’s Sizewell C nuclear power station to show that
huge reactors capable of powering millions of homes can be delivered at
speed, in the hope that this will help it attract private funding and
compete with more efficient rivals, including those from Asia. Bernard
Fontana, chief executive, said the state-owned group remained “open to
international markets” and hoped to export more of its designs beyond the
projects it is undertaking in the UK and France. EDF has been tasked with
delivering at least six new French reactors from 2038 onwards and is due to
deliver two for the £38bn Sizewell C project in the middle to late 2030s.
Fontana’s push for efficiency comes as EDF, weighed down by a net debt of
€50bn, needs to finance €30bn of investments annually over the next
five years, including on maintaining current sites, according to estimates
by France’s budget watchdog. EDF operates 57 French reactors.

 FT 9th Nov 2025

 https://www.ft.com/content/cc39da49-6ebf-40e2-bfbe-296ee2596ce9