Wind power
- EDF Renewables, Enbridge and wpd started construction of the Fécamp offshore wind farm (see the EDF Renewables press release of 2 June 2020).
- The EDF and CEI (China Energy Investment Corporation) groups joined forces for construction and operation of offshore wind power projects in China (see the
EDF Renewables press release of 2 June 2020). - Construction of the first phase of the Taza wind farm in Morocco was ready to be launched by the EDF Renewables – Mitsui & Co. consortium (see the
EDF Renewables press release of 9 September 2020).
Solar power
- EDF Renewables-Jinko Power consortium was awarded the world’s most powerful solar project in Abu Dhabi (see the EDF Renewables press release of 27 July 2020). EDF renewables-Jinko Power consortium reached the financial closing of the world’s largest solar plant project and launches its construction in Abu Dhabi (see the EDF Renewables press release of 22 December 2020).
- EDEN Renewables India increased its portfolio with 1,350MWp of new solar photovoltaic power plants (see the EDF Renewables press release of
1 October 2020). - EDF Renewables North America and Geenex Solar signed an agreement for a pipeline of up to 4.5GW of solar projects in different stages of development in the United States (see the EDF Renewables press release of 16 October 2020).
- EDF Renewables was awarded 105MW of ground-based solar power plants in France following the latest solar tender by the CRE (see the EDF Renewables press release of 23 October 2020).
- EDF Renewables won two ground-based solar power projects in the
Pays de la Loire region of France in the latest solar call for tenders issued by the Energy Regulation Commission (CRE) (see the EDF Renewables press release of
13 November 2020). - EDF Renewables commissioned a new solar farm with storage in French Guiana (see the EDF Renewables press release of 2 December 2020).
- Bboxx, EDF, and SunCulture teamed up with Togo’s Government to accelerate access to sustainable solar-powered farming (see the press release of
18 December 2020).
Hydropower
- EDF commissioned the new Romanche-Gavet hydroelectric plant in the Isère area of south-east France (see the EDF Renewables press release of 9 October 2020).
Storage
- EDF Renewables North America signed a contract for 200MW solar + storage 180MW/4 hours in Nevada (see the EDF Renewables press release of 29 July 2020).
- EDF Renewables North America signed a Power Purchase Agreement with
Clean Power SF for storage expansion at the Maverick 6 solar project (see the EDF Renewables press release of 28 September 2020).
Hydrogen
- Germany’s Federal Ministry of the Economy approved funding for the WESTKÜSTE100 project (see press release of 5 August 2020).
- The Auxerre agglomeration in France, in partnership with Hynamics and Transdev, have joined forces on a green hydrogen project at the service of the energy transition in the area (see the press release of 17 December 2020).
Sustainable finance
- EDF and Standard Chartered Bank signed a € 200 million credit facility indexed on ESG criteria (see the press release of 30 October 2020).
5.1.3.1.2 Nuclear industry
- EDF Energy filed the planning application for a Development Consent Order (DCO)for the Sizewell C project in the United Kingdom (see the EDF Energy press release of 27 May 2020).
- The Hinkley Point C project reached a major milestone: the “common raft” for the second reactor was completed to schedule (see the EDF Energy press release of
1 June 2020). - EDF estimated annual nuclear power output for 2020 and 2021 at between
330-360TWh (see the press release of 16 April 2020). - EDF issued an initial progress report on the status of the excell plan for excellence in France’s nuclear industry (see the press release of 15 October 2020).
- EDF readjusted the cost of its Grand Carénage programme (see the press release of 29 October 2020).
- Hinkley Point B: UK’s nuclear power station to move into decommissioning by
July 2022 (see the EDF Energy press release of 19 November 2020). - An update on the Hinkley Point C project was released (see the press release of
27 January 2021).
5.1.3.1.3 Other
- Edison completed E2I acquisition and consolidates its role of second wind operator in Italy (see the Edison press release of 16 February 2021).
- EDF was appointed by Ofgem to supply customers of Green Network Energy (see the EDF Energy press release of 30 January 2021).
- Volkswagen Group France and EDF signed a partnership to accompany customers who have chosen electric engines (see the press release of 15 January 2021).
5.1.3.2 Asset disposal plan
Edison finalised the sale of its Exploration and Production operations to Energean. The scope of the operations sold comprises the assets, mining rights and investments in the hydrocarbon sector in Italy, Egypt, Greece, the United Kingdom and Croatia (see the Edison press release of 17 December 2020).
Edison also announced the signing of an agreement with Sval Energi for the sale of 100% of Edison Norge AS, the company that controls the Exploration and Production operations in Norway that were excluded from the scope of the sale to Energean (see the Edison press release of 30 December 2020).
5.1.3.3 Financial structure
- EDF raised € 2.1 billion through two issues of Euro-denominated Hybrid Notes(press release of 8 September 2020).
- EDF announced the success of its offering of green bonds convertible into new shares and/or exchangeable for existing shares (OCEANEs Vertes) (see the press release of 8 September 2020).
5.1.3.4 Regulatory environment
Regulatory changes are described in detail in the following notes to the consolidated financial statements at 31 December 2020:
- France’s multi-year energy programme (PPE): see note 2 “Summary of significant events”;
- Regulated electricity sales tariffs in France – “blue” tariffs: see note 5.1.1“Regulatory changes in France”;
- TURPE network access tariffs: see note 5.1.1 “Regulatory changes in France”;
- ARENH: see note 5.1.1 “Regulatory changes in France”;
- Compensation for public energy service charges (CSPE): see note 5.4.1 “Operating subsidies”;
- French capacity mechanism: see note 5.1 “Sales”;
- Energy savings certificates: see note 5.4.3 “Other items (of other operating income and expenses)”.
