France’s state utility EDF said it has signed “green bank loans” for €5.8bn ($6.3bn) which will be used to finance the life extension of its existing nuclear power plant fleet in France.
EDF said the loans, which have maturities of between 3 and 5 years, have been arranged with banks, including BNP Paribas, Bank of America, Crédit Agricole CIB, ING, Natixis CIB, Société Générale and Wells Fargo.
EDF noted that the investments in the extension of the operation of its reactors “are aligned with the European taxonomy”.
In July 2022, the European Parliament voted to include certain nuclear activities
within the European Union’s list of officially approved “green” investments.