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 »