The French Parliament adopted a bill to loosen Electricite de France SA’s grip on the hydropower market, a move aimed at ending a spat with the European Union and unlocking billions of euros in investment for new generation capacity.
The Electricite de France SA (EDF) logo sits on a building at Romanche-Gavet hydroelectric dam, during its inauguration in Grenoble, France, on Friday, Oct. 9, 2020. EDF is selling 2.4 billion euros ($2.8 billion) of convertible bonds in a record green deal as it raises funds for renewable-energy projects and bolsters its balance sheet following the coronavirus pandemic.
TotalEnergies SE’s oil trading profits doubled to about $1 billion in the first quarter as the energy giant went on a crude buying spree in the run-up to the Iran war, Chief Executive Officer Patrick Pouyanné said.
TotalEnergies branding. Photographer: Benjamin Girette/Bloomberg
TotalEnergies SE will seek compensation because of uncertainty over the grid-connection timeline for one of its German offshore wind projects, as the company reviews plans for wind farms there.
An aerial view shows the Humber Gateway offshore windfarm in the North Sea at the mouth of the River Humber.
LS Power LLC is in advanced talks to buy Electricite de France SA’s North American renewable power business amid rising energy demand to supply data centers, according to people familiar with the matter.
LS Power LLC is in advanced talks to buy Electricite de France SA’s North American renewable power business amid rising energy demand to supply data centers, according to people familiar with the matter.
Electricite de France SA is considering adding extra cooling towers at some of its nuclear reactors most exposed to rising river temperatures as the state-owned utility adapts its fleet to a warming climate.
TotalEnergies SE’s oil trading activities generally earn the company about $2 billion per year, Chief Executive Officer Patrick Pouyanné said, a rare comment on the vast size of the oil trading operations of some of Europe’s majors.
The TotalEnergies SE headquarters in La Defense business district of Paris, France, on Tuesday, Oct. 24, 2023. Totalenergies report earnings on Oct. 26.
TotalEnergies SE is exploring selling a 50% stake in some of its European renewables assets, as the French energy giant seeks a partner for its green investments, people familiar with the matter said.
Solar panels at a solar farm. Photographer: Ian Forsyth/Bloomberg
Electricite de France SA is working with an adviser to sell its renewable energy assets in China as the French state-owned utility refocuses on European nuclear power projects, people familiar with the matter said.
Solar panels and wind turbines in Jiangsu province, China.
French electrical equipment distributor Rexel SA plans to make more bolt-on acquisitions in countries such the US and Canada to tap a boom in data centers and manufacturing, after announcing its 16th deal in North America since 2020.
France announced fresh measures to curb reliance on Chinese rare earths in a move to safeguard industries ranging from consumer electronics to electric cars and offshore wind.
Rare earths magnets in a barrel prior to being crushed into powder at a factory in Tianjin, China.
France announced fresh measures to curb reliance on Chinese rare earths in a move to safeguard industries ranging from consumer electronics to electric cars and offshore wind.
Rare earths magnets in a barrel prior to being crushed into powder at a factory in Tianjin, China.
A plan by Marine Le Pen’s far-right party to scrap renewables and the energy regulator would be a disaster for France, the CEO of giant utility Engie SA said, in one of the sharpest rebukes from a business leader ahead of next year’s presidential election.
Engie Chief Executive Officer Catherine MacGregor Photographer: Jason Alden/Bloomberg
Engie SA is in talks with President Donald Trump’s administration to relinquish US leases for offshore wind projects that he opposes, said Chief Executive Officer Catherine MacGregor.
Wind turbines operated by Engie SA in Fos-sur-Mer, France.
TotalEnergies SE signaled a strong first quarter as surging energy prices, trading gains and rising production elsewhere helped offset the impact of the war on its Middle East operations.
France’s Veolia Environnement SA plans to nearly double revenue from artificial intelligence industries to €1 billion ($1.2 billion) by 2030 as it provides new services to the booming sector.
French Prime Minister Sebastien Lecornu said the government will divert investment to help households and businesses switch to electric power instead of handing out short-term fuel aid after oil prices surged on the Iran war.
French Prime Minister Sebastien Lecornu said the government will divert investment to help households and businesses switch to electric power instead of handing out short-term fuel aid after oil prices surged on the Iran war.
French Prime Minister Sebastien Lecornu said the government will divert investment to help households and businesses switch to electric power instead of handing out short-term fuel aid after oil prices surged on the Iran war.
Electricite de France SA pledged €240 million ($280 million) in investment and funding for households and businesses to boost the adoption of heat pumps and electric trucks, and help firms set up power-hungry facilities.
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