Tag: EDF

French government plans to acquire 100 per cent ownership of EDF

In order to fully control the energy utility company EDF, the French government has stated its intention to buy out the company’s remaining stakes. The French finance ministry announced in a statement that it has made an offer to purchase the final 16 per cent stake in EDF for $9.85 billion in total or $12.26 for a share. Currently, 84 per cent of the business is owned by the government.

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EDF Renewables to build a large solar plus storage project in Peru

EDF Renewables, the renewable energy subsidiary of French energy company EDF, has been chosen by Peruvian consultant Energy Partners to develop, build, and operate a 100 MW/100 MWh solar-plus-storage project for the city of Iquitos, Peru. Electro Oriente, a local utility, has agreed to a 20-year power purchase agreement (PPA) with EDF Renewables for the project. The facility, according to the French business, will start delivering power in 2026 at a lower cost than diesel.

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EDF Renewables and OVHcloud sign a 15-year renewable PPA

EDF Renewables, a global renewable energy pioneer, and OVHcloud, a European cloud solutions provider, have signed their first renewable power purchase agreement. The 15-year agreement involves the delivery of electricity from a 50 MW solar power plant in France that EDF Renewables will build, own, and operate.

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EDF Renewables invests in SkyX Solar

EDF Renewables has invested in SkyX Solar, a subsidiary of investment management firm VinaCapital, to target the Vietnamese solar industry. EDF Renewables is to invest in the installer, which has around 30 MWp of rooftop solar in operation and become its strategic partner. SkyX plans to create an additional 200 MWp of rooftop solar and distributed energy projects for commercial and industrial (C&I) clients in Vietnam over the next three years.

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Pele Green and EDF to build 100 MW PV plant in South Africa

Anglo American Platinum has chosen EDF Renewables South Africa and Pele Green Energy to build a 100 MWp solar photovoltaic system at its Mogalakwena platinum mine in South Africa. The initiative is part of the mining company’s long-term sustainability plan in South Africa. The partnership plans to start building the solar facility in the fourth quarter of 2022, with completion due in late 2023.

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EDF partners with NTPC for overseas power development opportunities

Indian state run NTPC has signed an MoU with the global energy giant EDF to explore potential power project development prospects overseas and also collaborate on research and development, technical services, and consultancy assignments on a global scale. The primary markets of interest for the companies are Europe, Asia, the Middle East and Africa.

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Masdar completes first close of its acquisition of a 1.6 GW portfolio from EDF in the United States

UAE based energy company Masdar has achieved the first close on an acquisition of a clean energy portfolio from EDF Renewables North America. The transaction involves the acquisition of 50 per cent of a total 1.6 GW project portfolio in the United States. This follows a decision made by the companies last year to partner for eight renewable energy projects in the United States.

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