EDF

[Machine Translation] EDF and Normandy join forces in the framework of a regional energy policy that is more efficient and closer to the ground. EDF is still the champion of major shared infrastructures at national level. It works to produce competitive, low-carbon and abundant electricity for its customers, which is then distributed throughout France. But there are also more and more local demands: eco-neighborhoods, district heating projects, heat generation from waste, smart lighting systems that must be implemented within territories, metropolises, medium-sized towns . In the nuclear sector, the Flamanville EPR was to be a showcase. The costs have exploded, the construction took three years late. Why ? The situation has improved. For the last three years, we have respected the budget and schedule that were set shortly after my arrival at the helm of EDF. We are making good progress since we are planning to obtain authorization to load nuclear fuel by the end of 2018. Flamanville 3 will be a showcase. She arrives a little late, there is no doubt. It costs more than expected. But it will be a technological showcase. Flamanville will help us export our nuclear know-how, particularly in Asia, where a large part of the projects for new nuclear power plants in the world are located.

Ouest France 15th Dec 2017 read more »

The board of French power utility EDF has given the go-ahead for the completion of its purchase of a majority stake in the nuclear reactor unit of Areva by year end. After a board meeting on Thursday in Paris, the nuclear focused state utility has given the green light to the transaction, according to sources close to the company. The deal will see EDF purchase 75.5 per cent of Areva NP. An announcement is expected early next week.

FT 15th Dec 2017 read more »

Posted: 16 December 2017

EDF

On the eve of the climate summit in Paris, French nuclear utility EDF has announced a massive push into solar power that will cost up to 25bn euros. The company said on Monday that between 2020 and 2035 it would build solar plants in France totalling 30GW of installed capacity, through its subsidiary EDF Energies Nouvelles. The targeted capacity is four times greater than France’s current solar energy capacity, EDF said. Jean-Bernard Levy, EDF chairman and chief executive said: “The Solar Power Plan is of an unparalleled scale and marks a real turning point in EDF’s development of solar power capacity. It is a concrete illustration of the goals outlined in the Group’s CAP 2030 strategy, which was initiated in 2015 and aim to double the Group’s installed renewable energy capacity by 2030. EDF now has a new roadmap in renewables for the next fifteen years”.

FT 11th Dec 2017 read more »

[Machine translation] The electrician wants to install 30 gigawatts of capacity between 2020 and 2035. An investment of 25 billion euros conditioned to the launch by the State of tenders. Finally, there is sun in France. While EDF concentrated its investments in green energy in wind power and internationally, Jean-Bernard Lévy announced this Monday, on the eve of the meeting “One Planet Summit”, a “solar plan” to develop and build 30 gigawatts (GW) of new production capacity in France between 2020 and 2035. “The time has come to participate in a major change of scale,” said the CEO of EDF. And “solar is where the potential is the most important”. Review of the issues raised by this shift.

Les Echos 11th Dec 2017 read more »

Posted: 12 December 2017

Utilities

The European electricity industry has publicly reiterated its “unwavering commitment” to accelerating investment in clean energy in order to deliver a “carbon-neutral electricity mix in the EU well before mid-century”. Trade body EURELECTRIC, which represents 3,500 companies across Europe with an aggregate turnover of €200bn, today published a new long term vision which formally confirms its commitment to delivering rapid decarbonisation of the continent’s power sector and the wider use of electricity as part of a low carbon society.

Business Green 6th Dec 2017 read more »

Posted: 7 December 2017

Utilities

The proposed merger of SSE and Npower could damage competition in the energy market and should be subject to a full investigation by the main watchdog, a committee of MPs has said. Rachel Reeves, chairwoman of the business, energy and industrial strategy committee, has written to Andrea Coscelli, chief executive of the Competition and Markets Authority, describing the plan for two of the Big Six suppliers as “concerning”. Ms Reeves said: “The proposed merger between SSE and Npower risks damaging the development of a more competitive energy market, reducing consumer choice and threatening to be a bad deal for energy consumers.” The merger would result in almost half of the domestic energy market being held by British Gas and the new combined SSE-Npower company, she said.

Times 5th Dec 2017 read more »

Telegraph 4th Dec 2017 read more »

More than one hundred thousand consumers each month are abandoning the Big Six energy companies for one of around 40 smaller suppliers which have launched in the last five years. And as the UK Government works on an energy price cap which has divided opinion over whether it would actually be universally effective, it must also ensure that these challengers to the likes of SSE and Scottish Power are given sufficient support to establish sustainable market share. Increased competition can only be welcomed in an industry where six companies still control 80 per cent of the market. Spark Energy, which has amassed 400,000 customer accounts, is one such challenger and its plan to create 160 new jobs in Selkirk is to be welcomed. Smaller companies offering niche services could be a vehicle to rebuild trust in an industry which many consumers have come to view as a necessary evil in their monthly outgoings.

Herald 5th Dec 2017 read more »

Herald 5th Dec 2017 read more »

Posted: 5 December 2017

Companies

French utility firm, Engie, has announced that it plans to switch all of its gas operations to biogas and renewable hydrogen. The company has given itself until 2050 to fully switch to 100% green energy. Engie already has 70 biogas projects in the works worldwide, with 40 based in France

Energy Voice 5th Dec 2017 read more »

French utility Engie plans to switch all of its gas operations to biogas and renewable hydrogen by 2050, making it 100 percent green, its chief executive said on Monday. The power and gas group has some 70 biogas projects worldwide, including 40 in France, and says that if all its projects get approval its annual investment in biogas could soar tenfold to hundreds of millions of euros per year. Engie, which has sold its fossil gas activities as part of a broader restructuring, is also looking to invest in industrial-scale hydrogen production by electrolyze water in places where solar energy is cheap. Kocher said the world was focused on decarbonising electricity via renewable energy, but that electricity only accounts for a minor part of total energy demand. Engie wants to produce hydrogen gas with solar energy by electrolyze water at a price that would make it more competitive with steam reforming of hydrocarbons, which accounts for 95 percent of hydrogen produced today and costs about 2 euros per kilo, compared to 6 euros/kilo for electrolysis.

Reuters 5th Dec 2017 read more »

Posted: 5 December 2017

Centrica

According to a report in The Times, Centrica CEO Iain Conn has reiterated his June statement that the company is open to bids for its 20 % stake in EDF Energy Nuclear Generation, which owns the UK’s fleet of eight nuclear power stations. In 2013 Centrica pulled out of a project to build new nuclear power stations in Britain with EDF.

Modern Power Systems 29th Nov 2017 read more »

Posted: 30 November 2017

Areva

The headquarters of the French state-owned company that designed Britain’s new nuclear reactors was raided by police yesterday. About 50 officers searched the offices of Areva, the nuclear engineering group, as part of a preliminary inquiry into corruption allegations. The inquiry was launched by the French national financial prosecution service into Areva’s purchase in 2011 of uranium from Niger worth $319.8 million. The uranium was sold later to Russian traders who made an $82 million profit and then to a Lebanese company that made $17.6 million, according to French media reports. A spokesman for Areva said that the deals had been lawful and were part of negotiations with an unspecified customer to build a nuclear reactor. In the end the reactor was never built. A spokesman for Niger’s government told Le Monde that it had made about $800,000 from the transactions and had used the money to buy cars for presidential bodyguards. Areva, which designed the two reactors being built at Hinkley Point by EDF, the state-owned French energy provider, is already under investigation in connection with Niger. An inquiry was opened in 2014 into allegations that it overpaid Uramin, a Canadian mining group, whose main uranium mines were in Niger.

Times 29th Nov 2017 read more »

FT 28th Nov 2017 read more »

Posted: 29 November 2017

Toshiba

The sale of Toshiba Corporation’s 70% holding in Italian heavy equipment manufacturer Mangiarotti SpA to Westinghouse UK Holdings Ltd has been completed after receiving approval by the US Bankruptcy Court of New York. Toshiba has written off EUR110 million ($128 million) of debts owed to it by Mangiarotti as part of the transfer.

World Nuclear News 28th Nov 2017 read more »

Posted: 29 November 2017

Centrica

Centrica is open to offers for its 20% stake in eight nuclear power stations, its chief executive has admitted. The British Gas owner holds the stake in the former British Energy alongside France’s EDF, but chief executive Iain Conn has been steering Centrica away from power generation. China is a possible buyer, but that would face political opposition. “There are very few buyers of nuclear assets acceptable to the government and EDF,” Conn added.

Times 26th Nov 2017 read more »

Posted: 27 November 2017

Centrica

Iain Conn could not have had a worse year. First came Theresa May’s threatened price cap on energy bills. Then Labour’s promise to renationalise the power industry. Followed by a price rise that sent customers scrabbling to find new suppliers. Last Thursday the chief executive of British Gas owner Centrica stunned the market with another hammer blow. Problems in its north American business and a warmer-than-expected autumn would drive earnings per share about 20% below market expectations. On top of that, he revealed that Centrica had lost 1.2m UK customers so far this year to leave it with 13.1m accounts. Centrica’s 20% stake in Britain’s fleet of nuclear power stations, held alongside France’s EDF, could be sold. “It’s not necessary to do anything with it to balance our books,” insisted Conn. “If someone came along and said, ‘We are really interested in it,’ we would consider it.” Instead, Conn wants to embed Centrica in the home, by selling extra services on top of power supply. He hopes kit such as its Hive smart meter — which lets users control heating and lighting remotely via an app — and boiler breakdown packages will eventually boost the profits it makes from consumers. “Our strategy is to give customers what they want and increase the amount of things that we sell that are not energy,” said Conn. “We are not going to be a dinosaur. We are one of the early manifestations of a new breed of energy and services company.” He is adamant his strategy is unaffected by the profit warning.

Times 26th Nov 2017 read more »

Posted: 26 November 2017