Profits boost at EDF Energies Nouvelles

An EDF EN PV plant in Italy

EDF Energies Nouvelles (EDF EN) delivered profits growth last year as it hit the 4.2GW capacity mark.

EDF EN – the renewables division of French utility group EDF – boosted earnings by 20.6% year-on year before interest, tax, depreciation and amortisation (Ebitda).

That contributed to a 4.7% Ebitda increase in the business unit of EDF it operates under, offsetting a profit slump at the EDF Trading wholesale operation.

EDF says EDF EN, which spans wind and solar, benefited from “commissioning of new capacities in 2012 as well as a full-year effect of commissioning in 2011 and favourable weather conditions”.

Announcing its full-year financial results, EDF flagged up its success in…

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