EDF has continued its blurred approach to decarbonization this week, making its largest investment so far in the electric vehicle market, while simultaneously readying plans to splash up to £20 billion on the Sizewell C nuclear plant in the UK. Share prices have suffered as investors jump ship to companies which are in less of a government stranglehold and have demonstrated clearer renewables ambitions. Starting with the good news – the EDF Group has pushed forward with its Electric Mobility Plan, acquiring a majority stake in EV charging company Pod Point in a joint venture with Legal and General Capital. But this announcement is arguably just ‘a-spoonful-of sugar-to-help-the-nuclear-go-down.’ Sizewell C, however things go, will be far more influential in determining share price.
Rethink Energy 20th Feb 2020 read more »