Latest news with #ElectriciteDeFrance
Reuters
16-07-2025
- Business
- Reuters
EDF mulls sale of $2.32 billion stake in North American renewables arm, Bloomberg News reports
July 16 (Reuters) - Electricite de France is weighing the sale of roughly half of its stake in its North American renewables business, which could fetch 2 billion euros ($2.32 billion), Bloomberg News reported on Wednesday, citing sources familiar with the matter. ($1 = 0.8610 euros)
Bloomberg
16-07-2025
- Business
- Bloomberg
EDF Considers Sale of €2 Billion Stake in North American Renewables Arm
Electricite de France SA is considering selling a roughly 50% stake in its North American renewable power business, which could fetch about €2 billion, according to people familiar with the matter. The move — which would help the state-owned utility save cash for huge investments in new reactors at home — is still being discussed. There's no certainty it will lead to a transaction, the people said, and EDF could opt to sell a larger stake depending on the offers it receives.
Bloomberg
08-07-2025
- Business
- Bloomberg
EDF to Invest £1.1 Billion in UK's Sizewell C Nuclear Project
Electricite de France SA will invest £1.1 billion ($1.5 billion) to help build two reactors at the UK's Sizewell nuclear power plant. The French state-owned utility — which is already building a pair of reactors in southwest England — will have a 12.5% stake in the Sizewell C project, according to a statement from the French presidency Tuesday, confirming a Bloomberg News report.
Bloomberg
07-07-2025
- Business
- Bloomberg
UK Moves Closer to Approving Sizewell C Nuclear Plant Project
The UK government moved a step closer to approving the construction of two nuclear reactors in Sizewell after reaching a deal with French authorities over the involvement of Electricite de France SA. Under the agreement reached over the weekend, the French state-owned owned utility — which is already building a pair of reactors in Hinkley Point in the UK — will retain a stake in the Sizewell C project of just 12.5% while the UK government and other investors will hold the rest, people with direct knowledge of the matter said.
Bloomberg
05-07-2025
- Business
- Bloomberg
EDF Delays French Offshore Wind Farm Startup by Two Years Amid Construction Challenges
Electricite de France SA now expects a French offshore wind farm under construction off the Normandy coast to be completed in 2027, two years later than previously planned, due to delays in foundation work by a key contractor. Drilling operations will resume next month, and the phased commissioning of the wind farm is now scheduled for the second half of 2027, a spokesman for the utility's renewable unit said in response to a Bloomberg query late on Friday.
