|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||2.2600 - 2.2900|
|52 Week Range||2.2000 - 3.6400|
|Beta (3Y Monthly)||0.43|
|PE Ratio (TTM)||12.57|
|Forward Dividend & Yield||0.07 (3.14%)|
|1y Target Est||N/A|
State run energy companies from Russia, China and South Korea are among seven groups interested in becoming strategic investors in Bulgaria's Belene nuclear power project, the Balkan nation's energy minister said on Tuesday. Neighbouring North Macedonia has also expressed an interest in a minority stake and long-term contracts to buy electricity from the 2,000 megawatt project on the river Danube, estimated to cost 10 billion euros ($11 billion), Temenuzhka Petkova said.
SOFIA/MOSCOW, Aug 19 (Reuters) - State-run companies from China and South Korea have applied to be strategic investors in Bulgaria's revived Belene nuclear project, two industry sources familiar with the process said on Monday after Russia's Rosatom said it wanted to take part. Sofia plans to pick a strategic investor or investors by May 22 next year to install and run two Russian-made 1,000 megawatt reactors at Belene project on the river Danube. Energy Minister Temenuzhka Petkova will announce the bidders on Tuesday morning, the energy ministry said, a move preempted by Russia's state-owned Rosatom which said it had applied to take part in the project.
(Bloomberg) -- Britain’s plan to revitalize its aging nuclear energy infrastructure is likely to take a hit if Brexit jeopardizes a crucial supply of welders.The skilled workers have been in short supply for years, a strain that will likely worsen as new nuclear projects are built. About 13% of Britain’s welders come from other countries in the European Economic Area, according to the Migration Advisory Committee, which keeps a list of occupations with a shortage of workers.Without those additional workers, it’s likely to become more difficult and costly to build and operate multi-billion-dollar atomic plants, which are crucial to the U.K.’s target to produce net-zero carbon emissions by 2050. The stress is already apparent at Electricite de France SA’s 19.6 billion-pound ($24 billion) Hinkley Point C project, the only nuclear plant now under construction in Britain.“Hinkley requires a large number of welders,” said Peter Haslam, who retired on Friday as head of policy at the Nuclear Industry Association. “They come from Europe. We need these people to have easy access to the U.K.”Nuclear power makes up about a fifth of Britain’s electricity, and most of those plants are aging and will close in the next decade. Even with Prime Minister Boris Johnson’s call for a “nuclear renaissance,” replacing them won’t be easy. EDF’s Hinkley Point is still under construction and won’t produce any electricity for at least six years.Construction of the new units at Hinkley Point remains on schedule. While Parliament continues to debate the outcome of Brexit, EDF says it is working closely with the U.K. government on the implications to its workforce.An undertaking such as Hinkley Point requires at least 500 welders, of which about 75 need to be the highest-trained kind, said Guy Hazlehurst, workforce development director at EDF.The issue goes beyond Brexit. Many of the workers who had these skills have retired, and younger workers rarely choose to pursue the career.“The U.K. is dealing with a much wider skills shortage, in all sorts of areas,” said Andrew Cockcroft, a spokesman at EDF. “Even if Brexit wasn’t occurring, there would still be a welding shortage. It does exacerbate the problem.”To deal with the issue, EDF is spending millions to train a new crop of workers. The company is helping to organize funding for a welding education facility on top of 15 million pounds it has already spent on training in the area near Hinkley Point. For someone who is new to welding, the training can take about three years to reach the high standard necessary to work on a challenging nuclear project.That could be a tight time line. In the case of a no-deal exit later this year, EU citizens could continue to work on a three-year permit known as the European Temporary Leave to Remain. But the success of EDF’s education effort could be vital to keeping projects on time and on budget in the long term.“Regardless of the outcome of Brexit, if we are short of a certain skill-set for a certain amount of time, then the work still needs to be done,” said Andy Brown, director of operations at the Engineering Construction Industry Training Board, which helps train industrial workers. “There will be barriers and that will impact on schedule and if it impacts schedule, it will impact on costs.”READ MORE:U.K. Weighs New Financing Model to Spur Nuclear PowerU.K. Rethinks Nuclear Ambitions as Developers Drop OutEDF Plant Advances With Biggest Concrete Pour in U.K.To contact the reporter on this story: William Mathis in London at email@example.comTo contact the editor responsible for this story: Reed Landberg at firstname.lastname@example.orgFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Attractive stocks have exceptional fundamentals. In the case of Electricité de France S.A. (EPA:EDF), there's is a...
Based on Electricité de France S.A.'s (EPA:EDF) earnings update on 30 June 2019, it seems that analyst forecasts are...
Jean-Bernard Lévy has been the CEO of Electricité de France S.A. (EPA:EDF) since 2014. This report will, first...
SAINT-PAUL-TROIS-CHÂTEAUX, France, June 28 (Reuters) - F rench state-controlled utility EDF has started a 250 million euro ($284.65 million) maintenance and upgrade works at its 900 megawatt Tricastin 1 nuclear reactor that could enable it operate for another ten years. Commissioned in 1980, Tricastin 1 is the first in France's fleet of 58 reactors to undergo a fourth 10-yearly overhaul, a thorough review to ensure its integrity beyond 40 years of operation, and the ability to function for another 10 years. EDF would have to demonstrate to nuclear safety authority ASN, that it is properly managing the aging reactor, while improving safety and environmental levels, taking into account new measures place since the 2011 Fukushima accident in Japan.
New Jersey on Friday selected Denmark's Orsted A/S to develop a 1,100-megawatt wind project off the coast of Atlantic City, the largest ever offshore wind procurement by a U.S. state. Orsted's proposal received unanimous approval at a meeting of the five-member New Jersey Board of Public Utilities (BPU), which was tasked with evaluating the proposals.
A consortium led by French state-owned utility EDF has won a contract for a major 600 megawatt (MW) offshore wind project near Dunkirk in western France, Environment Minister Francois de Rugy said on Friday. De Rugy said nine international energy and industrial companies had shown an interest in the project and that seven had made a bid.
(Bloomberg) -- The solar industry has a new way of ducking the Trump administration’s tariffs on its imports: two-sided panels.The U.S. Trade Representative said in a notice made public Wednesday that it’s granting an exemption to solar duties for bifacial panels, ones that can generate power on both sides. The carve-out is a win for both Asian manufacturers including JinkoSolar Holding Co., LG Electronics Inc. and Hanwha Q Cells Co. and big U.S. solar-farm developers that can easily switch over to using them.“This could insulate almost the entire utility-scale market from tariffs,” BloombergNEF solar analyst Hugh Bromley said. “I would expect the utility-scale industry to pivot almost 100% to bifacial products.”The exemption may represent the clearest solution yet for an industry that’s been roiled by the import tariffs, imposed by the Trump administration in January 2018 as a way of leveling the playing field for U.S. panel makers. Some companies have already shifted their entire supply chains to skirt the duties. Others are building factories in the U.S. In September, California-based solar maker SunPower Corp. won an exemption, arguing that its panels -- made mostly in factories abroad -- are a premium product.Boost Adoption“We’ve been advocating for additional exclusions, and bifacial modules in particular, for over a year now,” said John Smirnow, vice president of market strategy for the trade group Solar Energy Industries Association. “This exemption will accelerate the adoption of bifacial technology in the U.S., which is still in a relatively early stage.”Roth Capital Partners said the news may be negative for U.S. solar maker First Solar Inc. and positive for Jinko and Canadian Solar Inc., which in May agreed to supply 1,800 megawatts of bifacial and traditional modules to EDF Renewables. U.S. solar installers Sunrun Inc. and Vivint Solar Inc. also stand to benefit, analyst Philip Shen said.First Solar fell 6.8% Wednesday. In a research note Thursday, Shen said that “upon further review" the impacts on First Solar “may not be that bad.” First Solar was up 2.9% at 10:40 a.m. in New York.The exemption is another sign that bifacial products will gain momentum in the industry, JinkoSolar’s vice president Qian Jing said on Thursday in response to Bloomberg queries. “There’s huge market potential in the U.S. and the rest of the world,” she said.The sentiment is echoed by Chinese producer Longi Green Energy Technology Co. Tariffs have made U.S. prices of bifacial products about 50% more expensive than elsewhere, and the exemptions now will support U.S. clean energy development, said the company’s President Li Zhenguo.Small ShareChinese manufacturer Trina Solar Ltd. is expecting the exemption to apply to the bifacial modules it deploys, Steven Zhu, the company’s president for the Americas, said in an emailed statement. “Our review is ongoing,” he said, “but we are optimistic this will help our customers recognize value from this product offering.”Canadian Solar and First Solar didn’t immediately respond to requests for comment.While bifacial panels still hold a small share of the total solar market -- just 3% last year -- production could ramp up quickly as a result of the exclusion, according BloombergNEF. Those making panels in the U.S. meanwhile stand to lose some of their edge. “They are back in competition with mainland China,” BNEF analyst Jenny Chase said by email.In addition to bifacial panels, the administration allowed for some very specific exclusions on certain kinds of flexible fiberglass ones and those that have rows of solar cells “separated by more than 10mm” laminated into them, a Federal Register notice scheduled to be published Thursday shows.(Add analyst comment in seventh paragraph.)\--With assistance from Brian Eckhouse and Feifei Shen.To contact the reporters on this story: Ari Natter in Washington at email@example.com;Jim Efstathiou Jr. in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Jon Morgan at email@example.com, Joe Ryan, Will WadeFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
There are a number of reasons that attract investors towards large-cap companies such as Electricité de France S.A...
Moody's Investors Service ("Moody's") has today upgraded the ratings of Class C Notes in FCC Minotaure Compartiment 2004-01. The rating action reflects the deal deleveraging resulting in an increase in credit enhancement for the affected tranche. Moody's affirmed the ratings of the Notes that had sufficient credit enhancement to maintain current rating on the affected Notes.
More than a dozen governments and companies have or are planning to launch satellites that measure concentrations of heat-trapping gases such as methane, which is blamed for about one quarter of man-made global warming. “Space-based technologies are allowing us for the first time to quickly and cheaply measure greenhouse gases,” said Mark Brownstein, a senior vice president at Environmental Defense Fund, which plans to launch its MethaneSAT in 2021. California is partnering with Planet Labs Inc. on a satellite to help it “pinpoint individual methane plumes” from oil and gas facilities, as well as other sources such as landfills, dairies and waste water plants, Stanley Young, a spokesman for the state’s Air Resources Board, said in an email.
The main aim of stock picking is to find the market-beating stocks. But even the best stock picker will only win with some selections. So we wouldn't blame long term Electricité de France S.A. (EPA:EDF) shareholders for doubt...
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Edison S.p.A. London, 01 April 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Edison S.p.A. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.