Universal Registration Document 2022

Introduction

Evolution of EDF group's carbon intensity (in gCO2/kwh between 2017 and 2022)

This graph shows the evolution of EDF group’s carbon intensity (in gCO₂/kwh between 2017 and 2022).

 

Year 2017 : 81.9

Variation in carbonised generation :

Coal : -29.6

Gas : -9.5

Others: -2.9

Variation production décarbonée :

Nucleaire : 11,0

ENR : -0,8

Hydro : 0,4

Total année 2022 : 50,4

The gradual withdrawal from coal power is the main factor in the decrease of carbon intensity. The decrease in nuclear power production, including through the closure of the Fessenheim power plant 2020 (1), has slowed this reduction.

3.1.1.4.1 Low-carbon investments

The Group is by far the biggest investor in the energy transition in Europe, accounting on its own for more than 20% of industrial investments in the electrical sector (2).

In 2022, almost 94% of Group EDF investments were in low-carbon technologies (94% in 2021); 50% of these were in the nuclear sector. 66% of the Group’s investments are aligned with the European sustainable taxonomy in effect since 31 December 2022 (see note 20.4 to the consolidated statements at end December  2022 and section 3.8.4 “Details on the taxonomy”).

3.1.1.4.2 Grand Carénage programme

See section 1.4.1.1.2.1 “EDF’s nuclear fleet in France and its operation”.

3.1.1.4.3 New Nuclear projects

See section 1.4.1.1.3 “New Nuclear projects”.

3.1.1.4.4 Doubling of installed renewable energy capacities between 2015 and 2030

The EDF group is today the second biggest renewable energy producer in Europe (3), with a global production in 2022 of 60.2TWh of electricity and 8.8TWh of renewable heat through hydroelectricity, wind turbines, photovoltaic solar power and other renewable energies.

In accordance with its CAP 2030 strategy, it set itself the goal of more than doubling its net installed renewable capacity between 2015 and 2030, increasing it to 60GWe by 2030. In 2022, the Group’s net installed renewable capacity was 36.0GWe.

  2030 Target 2020 2021 2022
Net installed renewable capacity (in GWe) (4) Net installed renewable capacity (in GWe) (4)2030 Target

60

Net installed renewable capacity (in GWe) (4)2020

33

Net installed renewable capacity (in GWe) (4)2021

35

Net installed renewable capacity (in GWe) (4)2022

36

(1) Pursuant to the multi-year energy programme (PPE).

(2) 8th European energy company financial ratings “Watt’s Next Conseil”, October 2022: https://wattsnext.fr/wp-content/uploads/2022/10/8eme-barometre-Watts-Next-Conseil- oct2022.pdf

(3) “Climate Change and Electricity, European carbon factor, Benchmarking of CO2 emissions by Europe’s largest electricity utilities”, PwC, October 2022. PWC’s 2022 survey, based on 2021 data, benchmarked Europe’s top 23 electricity producers, accounting for 60% of total generation.

(4) For details of methodology, see section 3.6.3.5 “Further details on social, environmental and societal data from the Statement of non-financial performance”.