|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||10.15 - 10.15|
|52 Week Range||8.45 - 10.15|
|Beta (3Y Monthly)||0.38|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.08 (0.77%)|
|1y Target Est||N/A|
LONDON/PARIS (Reuters) - French utility Engie and Portugal's EDP said on Tuesday they will invest 15 billion euros ($16.7 billion) with the aim of becoming the world's number two offshore wind developer after Denmark's Orsted. The two utilities, which have no operational offshore wind parks so far, said they will combine their offshore wind assets and project pipelines, starting with a total of 1.5 gigawatts (GW) under construction and 4 GW under development. "From day one, the JV will be among the top five players in this market," Engie CEO Isabelle Kocher said at a press briefing on the new joint venture in London.
BRUSSELS/LONDON/HONG KONG (Reuters) - China Three Gorges halted talks with EU regulators about its proposed 9 billion euro (£8 billion) takeover of Portugal's EDP-Energia de Portugal over a month ago, two sources close to the matter said, casting doubt on whether the deal will progress. CTG launched a bid to take control of EDP, of which it already owns 23 percent, in May last year, but the transaction has moved at a slow pace. Sources say CTG has yet to complete regulatory filings in Europe and the United States, although Portugal's regulator said there are no signs the Chinese state-owned utility is preparing to abandon the deal.
Portuguese wind energy group EDP Renovaveis said on Wednesday it expected to exceed its 2020 goal for increasing capacity by more than 10 percent. EDPR, a subsidiary of EDP Energias de Portugal, also said in a presentation it had secured projects to add capacity of more than 1 gigawatt after 2020, adding that its growth strategy was not affected by adverse cyclical factors that have weighed on its earnings this year. EDP and EDPR are both targets of a takeover offer by China Three Gorges, which is still subject to regulatory approvals in various countries.