Belgium’s government has moved to acquire its French‑owned nuclear fleet, signalling a shift back to atomic power amid European energy uncertainty. Prime Minister Bart De Wever confirmed that Engie will suspend dismantling while the state prepares for a complete takeover.

Negotiations aim for a financially neutral deal, meaning Engie will not earn a large cash windfall but may shoulder decommissioning liabilities. The seven reactors, once slated for 2025 dismantlement, could see extended lifespans, potentially until 2035 or beyond.

The move follows Russia’s invasion of Ukraine, which pushed Europe to reassess nuclear reliance. Engie previously agreed in 2023 to extend two reactors to 2035, after Belgium paused its nuclear exit. The deal reflects a broader continental trend, as France, Sweden, the UK and the Czech Republic all look to bolster nuclear output.

If finalized, Belgium would become a key player in European nuclear strategy, offering a model for balancing energy security with market realities. Investors in Engie and European energy firms will watch closely as the financial terms crystallise.