EDF & Energies Nouvelles Sign Development Deal

Electricite de France (EdF) and its 50% subsidiary EDF Energies Nouvelles have formally agreed to a development partnership focusing on the decentralized and renewable energies market. The companies plan to creation of a new 50-50 joint venture called EDF Energies Nouvelles Reparties (EDF ENR) which will be fully consolidated by EDF Energies Nouvelles.

The new joint venture will consist of certain business activities and shareholdings related to decentralized renewable energies and energy control. It will market an extensive range of products and services, including equipment and services for businesses, professionals and individuals, while notably leveraging a network of qualified partners in line with the approach already adopted by EdF in this field, the company says, adding that these products and services will be marketed to individual customers under the “Bleu Ciel d’EDF” brand.

EDF ENR will also encompass the group’s business activities in equipment manufacturing, such as solar water heaters, photovoltaic modules, heat pumps and wood-fired heating equipment. In a fast-expanding renewable energies and energy efficiency market, the creation of EDF ENR fits perfectly with the EdF and EDF Energies group’s strategy of profitable growth and sustainable development, EdF said in a statement.