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Belgium Moves to Nationalize Nuclear Fleet, Halting Decommissioning

Exclusive talks with ENGIE signal a state-led bid to secure reliable power at home.

Overview

  • A Letter of Intent announced Thursday between the government and ENGIE set exclusive negotiations on a possible takeover of seven reactors, related subsidiaries, staff, and all assets and liabilities.
  • The government paused dismantling at closed units to keep the option to extend licenses or restart reactors that were taken off the grid between 2022 and 2025.
  • Only two of Belgium's seven reactors still produce electricity as the country unwinds a 2003 phase-out that parliament voted to end last year.
  • ENGIE said a basic agreement is targeted for October 2026, with financing, waste liabilities, and license approvals still to be settled.
  • Leaders cast the shift as reducing dependence on imported gas after recent energy price shocks in Europe, reflecting a wider EU turn back toward nuclear power.