EDF to acquire EDF Energies Nouvelles

Facebook
Twitter
LinkedIn
Reddit
Email

French utility EDF will acquire the outstanding 50% share in EDF Energies Nouvelles after the renewable energy firm accepted an offer of €40 per outstanding share. This represents a premium of 10.4% on the share closing price on 7 April 2011 and a 23.8% premium compared to the daily volume-weighted average over the last six months.

EDF Energies Nouvelles had revenue of over €1.57 billion in 2010. The deal is being financed by cash and the remaining half tendered in a share exchange offer.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Pâris Mouratoglou, a major shareholder in the company with a holding of 25.09%, will continue as chairman of EDF Energies Nouvelles. David Corchia will also continue to lead the company after the acquisition.

According to EDF Energies Nouvelles, the deal will require state approval.

EDF Energies Nouvelles installed 267.1MWp of solar projects in 2010.

The acquisition was said to allow for greater collaboration on a wide range of renewable energy projects between the companies.
 

Read Next

May 23, 2025
TotalEnergies has commissioned its largest solar portfolio in Europe, a collection of five assets in Spain with a combined capacity of 263MW.
May 23, 2025
The US House of Representatives has passed a bill slashing tax credit provisions for clean energy projects.
May 23, 2025
As European power markets consolidate and become more competitive, the increasing frequency of negative capture prices is challenging the viability of renewable energy projects.
Premium
May 23, 2025
The PPA is a 'cornerstone' of the European renewables space, according to speakers at Solar Media's Renewables Procurement & Revenue Summit.
Premium
May 23, 2025
Tongwei's CEO has told an annual shareholder meeting that next year will see a turning point in industry fortunes as obsolete capacity is phased out.
May 22, 2025
US energy utility AES has signed two long-term power purchase agreements (PPAs) with technology giant Meta for two solar PV projects in the US states of Texas and Kansas.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
June 17, 2025
Napa, USA
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 8, 2025
Asia
Solar Media Events
September 16, 2025
Athens, Greece