The EU recognises the value of nuclear technology. Now it is time to take action
The European Commission has published a new edition of its Illustrative Nuclear Programme (PINC), reaffirming the vital role of nuclear energy in Europe’s path to climate neutrality. The report outlines ambitious capacity targets for 2050 and emphasizes the need for significant investment, policy support, and supply chain reinforcement. Nuclear is increasingly seen as a key complement to renewables in ensuring a stable, affordable, and decarbonised energy system.
The latest edition of the European Commission’s Illustrative Nuclear Programme (PINC) projects that by 2050, large nuclear reactors—including long-term operation (LTO) of existing plants and new build—could provide up to 109 GW of installed capacity in the EU. To achieve this target, investments of around €241 billion will be needed. Small modular reactors (SMRs) and advanced modular reactors (AMRs) are expected to contribute up to an additional 53 GW.
The PINC report highlights that up to 109 GW of nuclear capacity could be installed in the EU by 2050, with an additional 53 GW potentially coming from SMRs and AMRs
In Nucleareurope's press release, Emmanuel Brutin, Director General of Nuclear Europe, says that they “welcome the Commission’s recognition of the many benefits nuclear energy brings to Europe —not only in terms of power generation, but also for medical applications and its strategic role in the net-zero value chain. It is clear from this document that nuclear can contribute to lowering system costs by complementing renewables, enhancing grid stability, and facilitating integration. However, it is now time for the EU to take the next step by putting in place a clear action plan that outlines policies, funding mechanisms, and a commitment to technological neutrality across all relevant areas.”
Nuclear is recognised as a strategic asset that can lower system costs, support grid stability, and complement renewable sources in achieving Europe’s climate goals
The Commission emphasises the need to mobilise multiple sources of financing, deploy tools to mitigate risks, and promote business models such as Power Purchase Agreements (PPAs) and the Regulated Asset Base (RAB) model. A coordinated approach combining national and EU-level support will be crucial. Moreover, accelerating State Aid approvals for nuclear projects could significantly fast-track deployment timelines.
The Commission calls for concrete actions, including funding mechanisms and State Aid approvals, as well as reinforcing Europe's nuclear supply chain and workforce
Source: Nucleareurope
