Universal Registration Document 2021

1. The group, its strategy and activities

Luminus

At the end of 2021, the EDF group held 68.63% of the Luminus company through its subsidiary EDF Belgium, with the remaining equity held by Belgian public shareholders.

Luminus is the second largest player in the Belgian energy market and holds a balanced upstream/downstream portfolio. The company, whose market share is close to 25%, possesses almost 10% of total Belgian generation capacity with 2,357.62MW installed at the end of 2021. The electricity generation of Luminus reached 7.0TWh in 2021. The company employs around 2,400 people.

As part of the Group’s CAP 2030 strategic plan, Luminus has the ambition of developing its wind farm fleet and accelerating the deployment of its energy services in order to provide its customers with innovative and sustainable solutions, whilst pursuing its objective of reducing costs and rationalising its thermo-electrical generation fleet.

Luminus owns 10.2% (419MW) of Belgium’s Tihange 2 and 3 nuclear power plants (commissioned in 1983 and 1985 respectively) and the Doel 3 and 4 plants (commissioned in 1982 and 1985 respectively), which have a lifespan of 40 years.

Luminus also has 100MW drawing rights on the French Chooz B nuclear power plant, based on a band of guaranteed output according to the average availability of the French fleet.

Apart from the drawing rights in the nuclear fleet, Luminus also possesses a thermal fleet comprising several power plants (combined cycles and open cycles) for an installed capacity of 1,208MW.

The Seraing steam gas turbine met its strategic reserve obligation for the period from November 2017 to the end of October 2018.

Luminus also operates in renewable energy. The company operates 7 hydropower plants, and as of the end of 2021 owns 82 onshore wind farms, with a total of 263 turbines across Wallonia and Flanders. Since the end of 2015, the company has been the leader in onshore wind farms in Belgium and has an installed capacity of 658MW at the end of 2021. In 2021, Luminus erected 25 wind turbines for a total capacity of 67MW.

Under its “Luminus” brand, EDF supplies electricity and gas to around 2.1 million residential and business customers(1) in Belgium. In May 2021, Essent Belgium was acquired by Luminus to increase the size of the portfolio, a key investment that enables Luminus to strengthen its number two position in the electricity and gas supply business.

The company is involved in the energy services segment for residential customers through its subsidiaries Rami Services, Dauvister, Leenen and Insaver, mainly by providing boiler installation and maintenance, installing solar panels, and providing “Home Assistance” services in the event of unexpected damage at home. At the end of 2021, the B2C portfolio for these last three services exceeded 175,000 contracts thanks to bundle(2) sales through Luminus website.

Luminus together with ATS, Vanparijs, Dauvister and Newelec, offers comprehensive integrated electricity and heating solutions. Its subsidiary Luminus Solutions (in which Luminus and Dalkia own a 51% and 49% stake respectively) provides energy efficiency services for administrative buildings, hospitals, schools, sports facilities, swimming pools and apartment complexes on the basis of an energy performance contract.

In 2021, despite the impact of the health crisis, Luminus maintained its expansion strategy around two axes: on the one hand, electric mobility, through the acquisition of a stake in Powerdale, one of the main players in the Belgian market and, on the other hand, the strengthening of the regional poles on which the ATS group (Elektro Clarysse) is built. With a view to strengthening the “Luminus” brand and its service offering, especially for industrial customers, it was decided to bring the Dauvister and Newelec brands under a single management at the end of 2021.

Citelum

In Belgium, renovation work on the LED lights on Wallonia’s motorway network has continued. In 2020, several use cases for smart lighting have been implemented with the installation of various traffic and detection sensors, as well as an interface with the centralised remote management system based on the platform developped by Citelum called MUSE®.

The 20-year PPP agreement for the design, modernisation, funding, management, and maintenance of 100,000 lights was awarded to the LuWa consortium (comprising Citelum (lead contractor), Luminus, CFE, and DIF) in 2019. Ultimately, this will result in 76% energy savings, avoiding the equivalent of 166,000 tonnes of CO2 emissions.

See also section 1.4.6.1.2.

The Netherlands

Through a joint venture, Sloe Centrale BV, the EDF group and PZEM (3) Group (each holding 50%) own an 870MW CCGT power plant in the southwest of the Netherlands, whose two 435MW units were commissioned in 2009. Thanks to its excellent technical performance, further enhanced by recent innovations and optimised renegotiation of the maintenance agreement with Siemens (LTSA), the Sloe power plant was brought into service for 5,029 hours in 2021.

Sloe shows excellent availability (98.98% at the end of 2021) with a lower service factor than in previous years (48.5% at the end of 2021 versus 69% on average over the last two years), mainly because of market conditions (gas and carbon prices), scheduled maintenance shutdowns but also to a restriction of the network operator (Tennet).

The good results of the latest audits also allow Sloe to move towards ISO 55001 certification for asset management and ISO 27001 certification for data management and cybersecurity.

Sloe Centrale BV continues to develop its CSR programme and improve the working conditions of its employees, as well as aligning with the Group’s mobility programme and investigating new technological solutions to lower its carbon footprint, thus remaining an active player in energy transition.

Germany

EDF has had operations in Germany for over 25 years. With some 3,800 employees and more than 100 researchers, EDF group has a large number of activities in Germany, in particular in renewable energy, energy services, and innovation. EDF offers sustainable business models and innovative energy solutions, calling on the expertise and know-how of its subsidiaries.

EDF supports and contributes to energy transition in Germany, which draws extensively on renewable energy, energy efficiency, smart energy systems, and other innovative energy solutions.

EDF group entities operating in Germany:
  • EDF Deutschland GmbH, a wholly-owned subsidiary of EDF International SAS based in Berlin, is in charge of the Group’s activities in Germany. It focuses on the promotion and development of the Group’s business, in particular new business models for energy and innovative solutions to support energy transition in Germany (Energiewende). EDF Deutschland also represents the Group in leading German political and economic circles.
  • In 2020 Hynamics, a subsidiary in the Group in charge of putting forward an effective low-carbon hydrogen offering for industry and mobility, set up its German subsidiary, Hynamics Deutschland This is part of a consortium of ten partners contributing to the Reallabor Westküste 100 project. This consists in creating a regional industrial ecosystem in northern Germany focusing on hydrogen production from renewable energy, notably using the installation of a 30MW electrolyser for the Heide refinery. The partners are studying the possibility of installing additional electrolyser capacity in this region within the next 5 years, aiming at the symbolic figure of 700MW.
  • Including the installed capacity of Futuren in Germany, EDF Renewables had 173MW of gross installed wind power capacity as at 31 December 2021, and operated 334MW of onshore wind power capacity.
  • EDF Distributed Solutions is an EDF storage offering for industrial clients, deployed only in Germany and based on the peak-shaving model(4). This EDF Renewables subsidiary owns and operates 1,900kW of electricity storage systems, divided between three industrial sites.
  • EDF group owns 100% of the share capital of the German company Energy2market (e2m), specialising in the aggregation of renewable production and local flexibility (see section 1.4.6.1.4 “Other service activities of the EDF group”).

(1) Number of points of delivery.

(2) Bundled offers.

(3) Formerly Delta.

(4) Capping