Europe’s energy landscape is undergoing a significant transformation, with a notable resurgence of interest in nuclear power across the continent. Driven by a pressing need for enhanced energy security and a more robust, diversified grid, several nations are re-evaluating their long-standing stances on atomic energy, shifting away from an exclusive reliance on renewable sources towards a more integrated approach.
Shifting National Stances
This evolving perspective is evident across the continent. In Spain, for example, the Regional Minister of Industry, Innovation, Trade and Tourism, Nuria Montes, recently urged the central government to reconsider the planned closure of the Cofrentes nuclear power plant in Valencia. This facility is crucial, generating the equivalent of 45% of the energy consumed by the Valencian Community, with concerns that renewable sources alone may not adequately replace its output.
Beyond Spain, a broader pattern is emerging. Denmark, after a 40-year prohibition, is now poised to re-evaluate its ban on nuclear power. Similarly, Germany has reportedly abandoned its long-held opposition to atomic energy, signaling a significant policy shift. These developments underscore a growing pragmatic approach to energy policy across Europe.
Drivers for Reconsideration
The renewed appeal of nuclear power appears to be, in part, a response to challenges and costs associated with an exclusive reliance on certain renewable technologies, particularly solar and wind. While these remain fundamental to the green transition, there’s a growing recognition of the need for stable, baseload power generation to complement their intermittent nature.
Lars Aagaard, Denmark’s Minister for Climate, Energy and Utilities, emphasized this balance: “Solar and wind are still the cheapest and fastest way to drive the green transition, and that remains our focus. But we also need to understand whether new nuclear technologies can play a supporting role.”
Denmark’s Nuanced Approach
Denmark’s re-evaluation is particularly noteworthy. While the nation banned atomic energy in 1985, its government is now actively analyzing the potential benefits and risks of advanced nuclear technologies, such as Small Modular Reactors (SMRs). The intent is not to revert to traditional large-scale nuclear power plants, but rather to assess how these innovative solutions could strategically complement Denmark’s extensive solar and wind infrastructure.
Aagaard added that, despite their lack of recent experience with nuclear power and the complexities of safety and waste management, a serious analysis is crucial. The goal is to explore how new nuclear options can bolster their energy system in the future, working in tandem with, rather than replacing, existing renewable efforts.

Lucas turns raw market data into actionable strategies, spotting trends in a heartbeat. With 9 years managing portfolios, he treats market volatility like a surfer riding big waves—balance and timing are everything. On weekends, Lucas hosts “Bull & Bear Banter” podcasts, showing that finance discussions can be as entertaining as they are informative.