EDF reports strong 2013 RE growth

French utility giant EDF revealed three wind farms have so far received finance via its new 'Green Bond', as it reported strong growth in its renewable energy activities in 2013.

EDF Energies Nouvelles (EDF EN) – the group’s renewables unit  – increased its earnings by 23% year-on-year before interest, taxes, depreciation and amortisation (Ebitda).

EDF said that came thanks to a 31% rise in output “as substantial new capacities came on line in 2012, mainly in Canada and the US”.

The group revealed that four EDF EN projects have already seen funds allocated to the tune of €192m ($262.5m) under the auspices of the €1.4bn Green Bond it issued last year – three onshore wind farms and a biogas plant.

Projects have to meet externally-vetted environmental and social criteria Log in to read complete article.

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