EDF: Impossible to rescue. In addition to the loss of competitiveness of nuclear energy compared to renewable energy, the cashless cash of the company does not allow him to finance all its investments or to deleverage. Can EDF still be saved? The news shows, daily or almost, the loss of competitiveness of nuclear compared to renewable energies. The awarding of the tender for the Dunkerque offshore wind farm has resulted in a guaranteed tariff of less than 50 euros per MWh, while the full cost of nuclear power in operation is around 63 MWh (Court’s estimate accounts). The cost of the MWh expected to be produced by the Flamanville EPR (the day it is finally in operation …) is greater than 100 euros. Finally, for its next generation of EPR that the national electrician intends to build, it provides a MWh price between 60 and 80 euros.
Liberation 19th June 2019 read more »
How the boss of EDF wants to split his group in two and privatize it in part. The project, wanted by the Elysee, plans to create a “blue” EDF, which will deal with nuclear, and a “green” EDF, for the supply of electricity to individuals and businesses. The project raises many questions among employee representatives but also among executives, as it is complex. Faced with union officials, Mr. Levy was to resume the presentation he has already made to the main leaders of the company in early June. On the program: the division of EDF into two separate entities, a “blue” EDF and a “green”. The parent company EDF would continue to exist and would be totally owned by the state (while it now has 83%). It would own 100% of the “blue” subsidiary, while the “green” subsidiary would see its capital open to the private sector.
Le Monde 19th June 2019 read more »