Czech Republic to Boost Nuclear Power to 68%, Phase Out Coal in Energy Overhaul
The Czech Republic has submitted an updated national energy plan to the European Commission that sets an aggressive timeline for coal phase-out by 2033 while dramatically expanding nuclear power’s role in its energy mix.
Under the jointly developed plan from the industry and environment ministries, nuclear power will become the cornerstone of the country’s electricity generation, with its share rising to 44% by 2030 and reaching 68% by 2040 after new reactors come online.
The strategy envisions renewable energy sources accounting for 28% of electricity generation by 2030, up from 16.5% in 2023, increasing to 46% by 2050.
“We have been looking for solutions to ensure these targets are met as cost-effectively as possible,” Industry and Trade Minister Lukáš Vlček said, emphasizing the need to maintain secure and affordable energy supplies.
Natural gas will serve as a transitional fuel to complement variable renewable generation before being gradually replaced by renewable and low-emission alternatives, including hydrogen.
The heating sector will see renewable sources increase from the current 28% to 40% by 2030, with a target of 74% by 2050.
Environment Minister Petr Hladik said the strategy could boost GDP by two percentage points through initiatives including a fivefold increase in solar and wind energy capacity and accelerated building renovations.
The Czech Republic, which currently operates six nuclear reactors providing about one-third of its electricity, plans to expand its nuclear fleet with up to four new large power units and 3 GW of small modular reactors.
The ministries emphasized that the plan provides a strategic framework for private sector investment without imposing mandatory targets or restrictions.
Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
