France’s new prime minister Élisabeth Borne said her government plans to buy out minority shareholders in already majority state-controlled utility EDF in order to better manage the country’s energy transition and reach a “balanced mix around renewable energies and nuclear.”

“This is why I confirmed today the intention of the State to hold 100% of the capital of EDF,” Borne told parliament in a speech declaring her minority government’s policy plans.

“This development will enable EDF to strengthen its ability to carry out ambitious and essential projects as soon as possible for our energy future.”