Universal Registration Document 2021

21.2 Commitments received

The table below shows off-balance sheet commitments received by the Group that have been valued. Other commitments received are described separately in the detailed notes.

(in millions of euros)	Notes	31/12/2021	31/12/2020
Operating commitments received ⁽¹⁾	Operating commitments received ⁽¹⁾Notes21.2.1	Operating commitments received ⁽¹⁾31/12/2021 9,065	Operating commitments received ⁽¹⁾31/12/2020 8,108
Investment commitments received	Investment commitments received Notes21.2.2	Investment commitments received 31/12/2021 609	Investment commitments received 31/12/2020 132
Financing commitments received	Financing commitments received Notes21.2.3	Financing commitments received 31/12/2021 18	Financing commitments received 31/12/2020 31
TOTAL COMMITMENTS RECEIVED⁽²⁾	TOTAL COMMITMENTS RECEIVED⁽²⁾Notes	TOTAL COMMITMENTS RECEIVED⁽²⁾31/12/20219,692	TOTAL COMMITMENTS RECEIVED⁽²⁾31/12/20208,271

(1) Excluding commitments related to supplies of energy and related services (see note 21.2.1.4).

(2) Excluding commitments related to credit lines, which are described in note 18.4.

21.2.1 Operating commitments received

Operating commitments received by the Group at 31 December 2021 comprise the following:

			Maturity
			31/12/2021		31/12/2021
(in millions of euros)	Total	< 1 year	1 to 5 years	> 5 years	Total
Operating lease commitments as lessor	661	116	309	236	711
Operating sale commitments	6,360	1,704	3,372	1,284	5,903
Operating guarantees received	1,991	1,112	274	605	1,444
Other operating commitments received	53	25	16	12	50
OPERATING COMMITMENTS RECEIVED	9,065	2,957	3,971	2,137	8,108

21.2.1.1 Operating lease commitments as lessor

In 2021, the Group benefits from commitments as lessor in operating leases amounting to €661 million. These commitments mainly concern the Independent Power Projects (IPPs) and real estate leases.

21.2.1.2 Operating sale commitments

Operating sale commitments received exclude energy deliveries and principally concern firm orders made through contracts recorded on a percentage-of- completion basis at Framatome (construction and engineering contracts) and EDF Renewables (agreements for operation services, maintenance services, and development and sale of structured assets).

21.2.1.3 Operating guarantees received

Operating guarantees received principally concern Framatome, and relate to supply and technical assistance contracts for EDF’s nuclear power plants with guarantees received from suppliers, particularly in connection with ARENH deliveries.

21.2.1.4 Electricity supply commitments

In the course of its business, the EDF group has signed long-term contracts to supply electricity as follows:

long-term contracts with a number of European electricity operators, for a specific plant or for a defined group of plants in the French nuclear generation fleet, corresponding to installed power capacity of 3.5GW;
in execution of France’s “NOME” Law on organisation of the French electricity market, EDF has a commitment to sell some of the energy generated by its existing nuclear power plants to other suppliers, until 31 December 2025. This has concerned a maximum volume of 150TWh each year since 1 January 2020. (see note 23).

21.2.2 Investment commitments received

			Maturity
			31/12/2021		31/12/2020
(in millions of euros)	Total	< 1 year	1 à 5 years	> 5 years	Total
INVESTMENT COMMITMENTS RECEIVED	609	416	193	-	132

The increase in investment and/or divestment commitments received is due to a guarantee received for a transfer of shares held by EDF under a repurchase agreement.

21.2.3 Financing commitments received

			Maturity
			31/12/2021		31/12/2020
(in millions of euros)	Total	< 1 year	1 à 5 years	> 5 years	Total
FINANCING COMMITMENTS RECEIVED	18	2	16	-	31