39 articles
France's EDF is exploring a preferred equity structure to sell a minority stake in Italian utility Edison following LNG supply disruptions caused by Strait of Hormuz closures. A deal could be finalize
EDF plans to construct 10 small modular reactors across Europe by 2035 using its NUWARD technology, with potential projects in Poland, Belgium, and Finland valued at tens of billions of euros.
French energy unions plan strikes over proposed cuts to wage growth and utility benefits, potentially disrupting European gas deliveries and power supplies ahead of winter. Major operators like EDF ar
French utility EDF is acquiring UK electricity supplier So Energy to gain 300,000 customers, expanding its footprint against competitors like Octopus Energy and British Gas.
EDF extended maintenance at its Gravelines 5 nuclear reactor until January 25 due to detected corrosion signs, reducing power output during peak demand and potentially supporting higher European energ
UK energy bills remain high due to fossil fuel prices and grid costs, with EDF projecting stubbornly high rates through 2030. Critics urge Ofgem for greater transparency on energy transition costs as
EDF shut three nuclear units at Gravelines due to jellyfish clogging cooling systems, removing 3.2 gigawatts of capacity during extreme heat waves that strain European power grids.
Three reactors at France's Gravelines nuclear plant were shut down due to a jellyfish swarm blocking cooling intakes. EDF deployed new monitoring and trawling measures to prevent further disruptions t
EDF delays partial sale of Italian subsidiary Edison pending resolution of gas supply uncertainties. Disruptions to Qatari gas flows and weak hydro generation have reduced earnings visibility, prompti
EDF forecasts a 10% drop in 2026 EBITDA driven by heatwaves curtailing nuclear and hydro output alongside persistently low wholesale electricity prices. The utility plans €8.7 billion in adaptations t
EDF aims to secure investors for its Nuward small modular reactor subsidiary by 2026, targeting 30 reactors by 2050 to provide low-carbon power to industrial users.
EDF halted the Golfech-2 reactor during a European heatwave, joining record nuclear outages straining power supply. Hungary's Paks plant similarly reduced capacity due to low river levels hindering co
EDF and Centrica will extend the operation of UK's Heysham 1 and Hartlepool nuclear plants to March 2030, adding 28 TWh of low-carbon capacity and supporting 1,000 jobs.
Wholesale energy prices surged nearly 40% amid Middle East tensions, overshadowing UK Prime Minister Andy Burnham's VAT cut on electricity bills. EDF forecasts annual household bills will rise by £97
EDF's 930-megawatt Martigues gas plant went offline due to high sea temperatures limiting cooling water, compounding existing nuclear capacity restrictions caused by heatwaves and drought across Franc
France ramped up oil-fired power generation amid heat-induced nuclear disruptions, reaching highest levels since March. Intraday electricity prices spiked to €200/MWh as river temperatures limited rea
EDF temporarily shut down three nuclear reactors and reduced power at eight others due to heatwave-induced cooling water restrictions. An exemption was issued for one plant to ensure grid security unt
EDF and the UK government signed an agreement to extend Sizewell B nuclear plant operations until 2055, securing £800 million for refurbishments and guaranteeing electricity prices to power 2.5 millio
Europe's heat wave strains water and power grids, driving a 20% rise in agricultural water use and forcing EDF to curtail nuclear output due to high temperatures and low river levels.
EDF agreed to sell its US and Canada renewable assets to KKR for $4.2 billion to reduce debt and fund nuclear projects, cutting net financial debt by approximately $5.5 billion.
KKR acquires EDF's North American renewable energy assets for $4.2 billion to capitalize on AI-driven power demand, while EDF raises cash for its nuclear reactor program.
Europe's extreme heat drives billions in infrastructure costs, including EDF's €8.7 billion nuclear cooling upgrades. Experts warn existing systems fail as temperatures exceed historical design limits
EDF has agreed to sell its U.S. and Canadian renewable power unit to KKR for nearly €4 billion to fund maintenance of its aging nuclear fleet, transferring 5.6 gigawatts of renewable assets.
KKR agreed to acquire EDF's renewable power assets in North America, driven by surging electricity demand from AI data centers. The deal underscores a broader trend of major M&A in the US power indust
French utility EDF warned that high river temperatures may force production curbs at three nuclear plants next week due to a heatwave. Analysts predict price increases of about €5 per megawatt-hour, t
The French Parliament passed legislation to reduce EDF's dominance in the hydropower market by requiring competitive auctions for concessions, aiming to unlock billions in investment for new renewable
EDF may restrict nuclear output at Saint-Alban due to high Rhone River temperatures, the first such summer measure. This risk tightens European power supplies, contributing to a 15% rise in French mon
EDF and Centrica are nearing a deal with the UK government to extend Sizewell B nuclear plant operations by 20 years at approximately £70 per megawatt-hour, securing over £800 million in investment.
LS Power is in advanced talks to acquire EDF's North American renewable business for over $4.7 billion, securing 6.1 gigawatts of operational solar and wind capacity amidst rising power demand.
EDF plans to invest €8.7 billion by 2040 to adapt its nuclear fleet to climate change, adding cooling towers to prevent output cuts during heat waves. The utility aims to minimize projected generation
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