EDF is considering selling assets due to an increased emphasis on nuclear energy.

The new chief of French state-owned utility EDF is considering asset sales as part of a portfolio review aimed at meeting government expectations for increased investments in new nuclear reactors, according to the Financial Times.

Potential sales may include business units like Dalkia and Edison, as well as renewable assets, except for EDF's hydroelectric projects.

France leads Europe in nuclear energy, obtaining about 70% of its electricity from it, with EDF's nuclear fleet generating roughly 70% of the nation's power.

Bernard Fontana was appointed CEO of EDF in March after President Emmanuel Macron's government became dissatisfied with former CEO Luc Remont due to disagreements over power provision and the construction of new nuclear reactors.

Fontana has indicated to insiders his intention to evaluate which assets are unprofitable or misaligned with the company's strategic goals. The sale of assets might occur after this review, but he has not yet determined which parts of the business to divest.

EDF has not responded to a request for comment from Reuters, which could not verify the report at this time.