France caught between a "nuclear cliff" and an "investment wall".

Reuters: “France must decide in the next few years whether it wants to continue its nuclear-driven energy policy at a cost of up to 300 billion euros ($415 billion) or if it wants to embark on an equally costly route towards using other fuels. Most of the country’s 58 nuclear reactors were built during a short period in the 1980s, and about half will reach their designed age limits of 40 in the 2020s, pushing France towards what industry calls “the nuclear cliff.”
“Public support in France for nuclear power has traditionally been strong but is looking shakier since the 2011 nuclear reactor meltdown at Japan’s Fukushima facility following a massive earthquake and tsunami.
And French President Francois Hollande has said he wanted to cut the share of atomic energy in France’s electricity mix to 50 percent from 75 percent by 2025, reduce oil and gas consumption and boost renewable energy.
A replacement of the nuclear plants run by state-controled utility EDF, or a switch towards alternative sources would cost huge amounts of money.
….EDF has advocated an extension of the reactors’ lifespan to 50 or even 60 years, arguing that they were modelled on similar reactors in the United States which have been granted 60-year licences.
….EDF also faces a 55 billion euro upgrade of its existing reactors by 2025 and will have to decide on how to finance their ultimate replacement, at a potential cost of up to 240 billion euros, about six times EDF’s existing debt pile.
….Construction of France’s pilot new generation reactor in Flamanville, which started in 2007, has seen repeated delays and cost overruns and is currently expected to be finished in 2016.
….Operating the old reactors, which have been fully paid off, for longer would also bring some much-needed funds to debt-laden EDF to scale what experts call the “investment wall” it faces in the coming decades.”