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EDF flags growing renewables base as EDF EN builds 2.4GW

French energy giant EDF said the first half of 2017 saw accelerating expansion of its renewables operation, revealing that its EDF Energies Nouvelles (EDF EN) unit now has 2.4GW of capacity under construction after a “significant increase” in its build programme.

The French group said EDF EN ended the first half with more than 10GW of gross capacity under its wing, 6.3GW net – a net rise of 0.8GW.

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The January to June period also saw EDF launch its takeover of French onshore wind player Futuren.

EDF EN’s contribution to consolidated group profits (Ebitda) was €451m ($527m), a 20% year-on-year fall.

The renewables growth came against a wider background of tough trading for EDF, which saw nuclear and hydro output in France.

EDF CEO Jean-Bernard Lévy said: “In an unfavourable market context and in line with its forecasts, the group is continuing to implement its performance plan and maintains its annual objectives. Based on its strengthened balance sheet, EDF is deploying its CAP 2030 strategy.

“The first half of 2017 was marked by an acceleration in the area of renewable energies, with, in particular, the takeover of Futuren and the increase in installed net capacity.”

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