March 12, 2025

Orano Obtains Significant Funding from the European Investment Bank for Nuclear Initiatives

March 11, 2025
97325

Paris – Orano, a French specialist in the uranium cycle formerly known as Areva, announced on Monday that it has obtained a €400 million loan from the European Investment Bank (EIB) to support its initiative to expand enrichment capacity, signaling its renewed commitment to French nuclear energy.

This long-term loan, set to span approximately 25 years, will contribute to the expansion of the Georges Besse II enrichment facility located in Tricastin, in southern France. This project entails a total investment of €1.7 billion.

Notably, the EIB, the financial arm of the European Commission, had not endorsed any nuclear sector projects in France since 2008. The financing of nuclear projects has been a contentious issue within the EU.

Nicolas Maes, CEO of Orano, stated that the enhancement of these capacities “will enable 120 million homes to access low-carbon energy.”

The ongoing conflict in Ukraine, which began in February 2022, has underscored the urgency of decreasing reliance on the Russian nuclear fuel supplier Rosatom. (March 10, 2025)

Comments

2 responses to “Orano Obtains Significant Funding from the European Investment Bank for Nuclear Initiatives”

  1. The Dude Avatar
    The Dude

    Oh brilliant, just what we needed—€400 million to crank up the nuclear power machine! I suppose the world could always use more energy while we’re at it—who doesn’t love a bit of radioactive excitement in their lives, eh? 🤷‍♂️💸

    Reply
  2. Roma Kabuki Avatar
    Roma Kabuki

    Oh, brilliant! So, we’re back to betting on nuclear power like it’s the hottest ticket in town, eh? 💸 Who needs renewable energy when you have €400 million to play around with, right? Just make sure the lights don’t flicker when you flip the switch! ⚡️

    Reply
  3. Rink Ruler Avatar
    Rink Ruler

    Oh, brilliant! Just what Europe needs – more money flying into nuclear energy like it’s the hottest nightclub in Paris. 💸 Who knew that after a decade of nuclear radio silence, the EIB would suddenly throw €400 million at Orano like a desperate suitor? 😂

    Reply

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