August 22, 2017 7:45 AM ET

Independent Power and Renewable Electricity Producers

Company Overview of EDF Energies Nouvelles S.A.

Company Overview

EDF Energies Nouvelles S.A. engages in the development, construction, production, operation, and maintenance of electricity power plants in Europe and North America. The company primarily focuses on the development of wind energy and solar photovoltaic projects. It also focuses on the development of hydro, marine energy, biomass, biofuel, and biogas projects. EDF Energies Nouvelles S.A. has strategic partnership with ESI Group SA. The company was formerly known as SIIF Energies and changed its name to EDF Energies Nouvelles S.A. in 2004. The company was founded in 1990 and is based in Paris, France. EDF Energies Nouvelles S.A. is a subsidiary of Electricité de France SA.

Coeur Défense - Tour B

100, Esplanade du Général de Gaulle

La Défense

Cedex

Paris,  92932

France

Founded in 1990

2,838 Employees

Phone:

33 1 40 90 23 00

Fax:

33 1 40 90 23 66

Key Executives for EDF Energies Nouvelles S.A.

Chief Executive Officer
Age: 62
Group Chief Financial Officer
Chief Operating Officer
Senior Vice President and Director
Age: 68
Executive Vice President of Renewable Marine Energies
Compensation as of Fiscal Year 2017.

EDF Energies Nouvelles S.A. Key Developments

Futuren Negotiating Acquisition By EDF EN

EDF Energies Nouvelles S.A. is exclusively negotiating the potential acquisition of a majority stake in French wind power producer Futuren SA (ENXTPA:FTRN). The renewables arm of Electricité de France S.A. (EPA:EDF) has offered to pay €1.15 per share and €9.37 per convertible bond (OCEANE). The bid is directed towards various investment funds managed by Boussard & Gavaudan and some other investors, together holding 61.6% of Futuren's ordinary shares and 96% of its OCEANEs. The target noted that its board of directors had unanimously welcomed the offer. In the event that the proposed transaction is implemented, EDF EN would be required to launch a simplified tender offer (OPAS) over all remaining shares and OCEANEs. Any transaction would be subject to regulatory clearance.

EDF Energies Nouvelles SA Forms Partnership with Abu Dhabi Future Energy Company

EDF Energies Nouvelles SA has formed a partnership with a consortium led by Abu Dhabi Future Energy Company (masdar) to develop phase 3 Mohammed bin Rashid Al Maktoum solar project in Dubai. The total installed capacity of the project will be 800 MW and will b developed in three stages. The 200 MW phase A is currently under construction, and is due for completion by April 2018. The 300 MW phase B is expected to come on stream in April 2019, while the final 300 MW phase C is scheduled for April 2020. The project will be constructed based on the IPP model. The 800 MW phase 3 project is a part of Mohammed bin Rashid Al Maktoum solar park which has a planned capacity of 5,000 MW by 2030, and a total investment of USD 14 billion.

EDF Energies Nouvelles Selects for the Development of the 24MW PGL Floating Wind Farm at the Faraman Site

EDF Energies Nouvelles has been selected for the development of the 24MW PGL floating wind farm at the Faraman site located 15km off the coast. The PGL project will feature three Siemens-developed turbines with 8MW capacity each. The turbines will be installed on floating foundations, which will be provided by SBM and IPFEN. Additionally, Engie, EDP Renovaveis, French bank Caisse des depots (CDC) and Eiffage have secured contracts to build the 24MW EFGL wind farm about 13km off the coast in the Leucate area. GE will supply four 6MW turbines for the project, which will feature floating platform provided by Eiffage and PPI. The energy ministry also ordered coastline coordinators to assess and identify potential areas for future marine energy auctions, reported SeeNews Renewables.

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