Big nuclear power company decides renewables are a better bet in the U.S.

Grist reports that french nuclear power company EDF has decided that it is better to pursue renewable energy in the US rather than bating a dead horse - Big nuke company decides renewables are a better bet in the U.S..

The world’s largest operator of nuclear power plants is dumping its stake in American reactors, turning its focus instead to wind and solar power. French utility company EDF announced this week that it will sell its stake in Constellation Energy Nuclear Group (CENG), which operates five nuclear reactors in New York and Maryland.

EDF cited cheap power produced by fracked natural gas as the big reason why it’s abandoning its American nuclear facilities. But the company said it will now focus its American business strategy not on fossil fuels but on renewable energy.