Wednesday, 1 August 2012

Renewables Boost Profits at EDF

EDF energy announced today that profits have risen 4.6% in the first half of 2012, thanks to new renewable energy projects.  The power giant reported that the first 6 months of the year had seen them lower nuclear output, and offset that with growth in sources renewable energy used for private and commercial energy.  State-controlled EDF also boasted an 8.2% jump in sales to €36.2 billion (£28.3 billion), and the net income for the period was €2.8bn (£2.2bn).
Renewables Boost Profits at EDF
One of our commercial energy partners, the firm opened trading this morning to a 1.4% share rise in Paris on the back of the report – a boon for the firm given it’s low expectations following more planned outages at nuclear plants – and also unexpected extensions of those outages – this year than last.

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