EDF Renewables

“Safety, security and health are the Group's priorities, to provide our customers with competitive, sovereign, low-carbon electricity.”

EDF is considering selling anywhere from 50 to 100 percent of its US renewable energy portfolio to raise funds for the construction of six additional nuclear reactors in France.

Atlantic Shores 1 is no longer viable upon the terms and conditions set forth in the OREC Order. Global inflation and increased demand for offshore wind materials have made the project much more costly than it was when the OREC Order was first approved in 2021. The Presidential Wind Memorandum and subsequent actions directly impacted project feasibility.

EDF is launching a broad review of its clean-power developments to avoid a repeat of the delays and budget overruns recently seen at the Courseulles-sur-Mer wind farm off France's northwest coast. EDF may adopt a more cautious approach to renewable-energy projects after encountering construction snags and cost overruns for wind-farm developments.

EDF adopted the "Ambitions 2035" corporate plan with four pillars — supporting customers in reducing their carbon footprint, producing more low-carbon electricity, developing networks for the energy transition, and developing flexibility solutions. Wind and solar output increased 6.7% to 28.5 TWh, with the portfolio reaching 114 GW gross. However, EDF recorded a EUR 934 million impairment on the Atlantic Shores offshore wind project in the United States following unfavourable changes in the political situation, Shell's withdrawal from the joint venture, and New Jersey's cancellation of the tender.

“EDF Renewables believes Atlantic Shores' projects can contribute to an 'all-of-the-above' American energy dominance strategy. The projects are poised to provide urgently needed energy and jobs to the New Jersey economy and beyond within the American offshore energy industry. We maintain the belief that the Atlantic Shores' projects will be important contributors to New Jersey coastal economy, and the broader US offshore supply chain, while also supplying essential power necessary for New Jersey's growth.”

“We are very proud to inaugurate the first offshore wind farm in Normandy, less than two years after the commissioning of the Saint-Nazaire wind farm in Loire-Atlantique. This new low-carbon electricity production facility would not have been possible without close, ongoing dialogue with elected representatives and local authorities, environmental associations, fishermen, economic players and local residents.”

“The first half of 2023 marks the company's return to good operational performance in a favourable context of price, after a year 2022 impacted by industrial difficulties and unfavourable effects of an exceptional regulation.”

“We welcome the decision of the Ministry of Energy Transition, which confirms the quality of the work carried out by EDF Renewables and Maple Power. We are pleased to continue our trustful collaboration with the Normandy region in support of the energy transition. The Normandy offshore wind farm is fully in line with the EDF group's strategy. It will contribute to achieving Europe and France's objectives for carbon neutrality by 2050.”

“2022 also confirmed the new impetus for nuclear in France, and accelerated expansion for renewable energies.”

“We are very proud to commission France's first industrial offshore wind farm.”

“EDF Renewables is thrilled to expand its Atlantic Shores Offshore Wind platform, owned jointly with Shell New Energies, through the award of New York Bight Lease Area OCS-A-541 to Atlantic Shores Offshore Wind Bight, LLC. The Lease Area is complementary to Atlantic Shores' existing footprint, and we look forward to working with New Jersey and New York to create additional offshore wind jobs, economic development, and carbon-free energy for the region in the years ahead.”

“The deployment of the CAP 2030 strategy was a major success in 2021, testifying to the skills and mobilisation of all men and women of the Group. We will continue this strategy in support of the energy transition and France's industrial and climate objectives for the 2030 and 2050 horizons.”

“We are very proud to have won this major 1.5 GW project in the State of New Jersey, the first EDF offshore wind project in the United States. This success confirms the quality and competitiveness of our offer and I would like to commend the work carried out over the past several months by our teams, in partnership with Shell New Energies. This project is a significant step forward in the Group's CAP 2030 strategy, which aims to double its installed renewable capacity worldwide between 2015 and 2030 to 60 GW net.”

“We are thrilled to announce today that, together with our partners Enbridge and wpd, we are launching construction of the offshore wind Calvados (Courseulles-sur-Mer) project. The EDF Group, a leading player in the French offshore wind segment, is proud to be playing its part in establishing this industry in France. Offshore wind energy is an integral part of EDF's strategy, which has recently been enhanced and now aims to more than double its net renewable energy capacity worldwide from 28 to 60 GW between 2015 and 2030.”