Belgium shut down Engie's 0.45GW Doel1 reactor on February 14 after 50 years of operation. Two other reactors, Doel 2 and Tihange 1, will also be shut down before the end of this year. After this, the country will be left with just two nuclear reactors, which will operate until 2035.


Source: Bloomberg New Energy Finance. (Note: Select markets include the UK, Germany, France, Italy, Spain and Belgium. Year-over-year hydropower declines indicate a return to normal levels after unseasonably wet weather in 2024.)

The shutdown of up to 1.9GW of nuclear power capacity in Europe in 2025 will lead to a reduction in baseload power in Europe. Bloomberg New Energy Finance predicts that nuclear power generation in the United Kingdom, Germany, France, Spain, Italy and Belgium will fall by 9.5TWh year-on-year to 469TWh, a decrease of 2%. France's 1.6GW Flamanville 3 reactor is expected to reach its maximum power generation potential by September, which will partially offset the loss of stable power supply.

In contrast, the growth of renewable energy has helped the region reduce its reliance on coal-fired power. Photovoltaic and wind power generation in the above-mentioned markets is expected to grow by 17% in 2025, with annual power generation reaching 564TWh, meeting 33% of total electricity demand.