{"id":2345,"date":"2017-12-20T02:25:21","date_gmt":"2017-12-20T03:25:21","guid":{"rendered":"http:\/\/madaresharghi.com\/french-tycoon-global-warming-will-spur-nuclear-comeback\/"},"modified":"2017-12-20T02:25:21","modified_gmt":"2017-12-20T03:25:21","slug":"french-tycoon-global-warming-will-spur-nuclear-comeback","status":"publish","type":"post","link":"https:\/\/madaresharghi.ir\/en\/french-tycoon-global-warming-will-spur-nuclear-comeback\/","title":{"rendered":"French Tycoon: Global Warming Will Spur Nuclear Comeback"},"content":{"rendered":"

madaresharghi<\/a>
\n<\/p>\n

\tFrench tycoon Dominique Louis is doubling down on atomic power, betting that global warming will foster a nuclear renaissance.
\tThree months ago, his nuclear engineering group Assystem SA sold 61% of its automotive and aircraft business for \u20ac400 million ($472 million). Louis used the proceeds to buy back some of the company\u2019s shares and acquire 5% of French nuclear reactor maker Areva NP for \u20ac125 million, Bloomberg reported.
\tWhile France is cutting its nuclear dependence, the Assystem chairman and chief executive officer believes atomic energy will be back in vogue as the cost of climate change mounts. Louis expects Electricite de France SA to build 20 to 30 new reactors to partially replace its aging fleet, as intermittent supply and local opposition to wind farms limit renewable capacity.
\t\u00a0\u201cMy bet is that we\u2019re going to start having climate accidents and that public opinion will turn around very quickly,\u201d Louis, who controls 61% of Assystem, said in a Nov. 29 interview at his Paris office. \u201cNuclear, alongside renewable energies, is the best way to replace coal.\u201d
\tDoubts about the future of nuclear power in France have proliferated in recent years. The state was forced to bail out Areva\u2019s near-bankrupt parent company after delays and cost overruns at a nuclear plant it was building in Finland, and as demand slumped following the 2011 Fukushima catastrophe in Japan.
\tThe government has a stated goal of reducing atomic power to 50% of France\u2019s electricity output by as early as 2030 from 72% last year.
\tThe market reaction to Louis\u2019s strategy reflected this. Assystem shares fell 12% in the two days following the initial announcement in May and the stock remains almost 9% below the buyback offer that ended on Dec. 14.
\tWhile more stringent safety requirements following Fukushima are pushing up costs, Bloomberg New Energy Finance predicted in June that atomic energy will still rank third for investment behind wind and solar power by 2040.
\tHalf of the $1.4 trillion of nuclear investments will go to China, with the rest spread across Europe, India, the Middle East and Africa.
\tWith the Chinese partly focused on their home market, there will be opportunities elsewhere. India will probably buy French reactors, alongside Russian plants, as it develops a nuclear industry, Louis added.
\tAssytem is also working with Russia\u2019s Rosatom Corporation on projects in Finland and Turkey.<\/p>\n","protected":false},"excerpt":{"rendered":"

madaresharghi French tycoon Dominique Louis is doubling down on atomic power, betting that global warming will foster a nuclear renaissance. Three months ago, his nuclear engineering group Assystem SA sold 61% of its automotive and aircraft business for \u20ac400 million ($472 million). Louis used the proceeds to buy back some of the company\u2019s shares and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2,8],"tags":[296,118,28,31,159,639,178,56,213,84,95,82,68,22,23,27],"yoast_head":"\nFrench Tycoon: Global Warming Will Spur Nuclear Comeback - madaresharghi | An Analytical Look at Middle Eastern Developments<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/madaresharghi.ir\/en\/french-tycoon-global-warming-will-spur-nuclear-comeback\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"French Tycoon: Global Warming Will Spur Nuclear Comeback - madaresharghi | An Analytical Look at Middle Eastern Developments\" \/>\n<meta property=\"og:description\" content=\"madaresharghi French tycoon Dominique Louis is doubling down on atomic power, betting that global warming will foster a nuclear renaissance. 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