EDF, the European leader in renewable energy, continues to extend its reach into Asia. The company – already recognized worldwide as a major player in low carbon energies – is committed to using its experience and expertise in green energy generation to expand the market for renewable energy in China, India and beyond.
Working to harness wind and solar power in India
EDF Group’s subsidiary EDF Energies Nouvelles (EDF EN) is working on the development of solar and wind power facilities. EDF EN is well-placed to help deliver renewable energies to India through more than 300 MWc in operation or under construction in solar and wind portfolio in the Indian market.
EDF – leading the way in renewable energies in Asia
EDF holds a 40% stake in the Nam Theun 2 Power Company (NTPC), which owns and operates the 1,070 MW Nam Theun 2 hydropower plant in Laos. Reflecting EDF’s commitment to renewable energies in Asia, NTPC signed a 25-year BOT (Build-Operate-Transfer) contract with the government of Laos.
For 30 years, EDF has contributed its technical expertise to hydroelectric projects in China, including working on the 1,200 MW Conghua project and the 1,000 MW Yixing and Zhanghewan projects, the 6,300 MW Longtan hydropower station as well as providing valley management expertise and support at Yellow River and Lancang Jiang.
In addition, EDF in China has performed workshop inspections for equipments of the Three Gorges hydro power project.
EDF entered the Chinese wind power market
In 2016, EDF ramped up its development in renewables energies and announced its first project in the Chinese wind energy market, which is the world’s biggest. EDF Energies Nouvelles, EDF subsidiary dedicated to renewable energy, has acquired a majority stake in UPC Asia Wind Management (AWM) which develops and builds wind projects in China.
Following this acquisition, EDF Energies Nouvelles owns an 80% stake in the UPC AWM holding, based in Hong Kong. Its partners UPC China, a longstanding local developer, and the US-based investment fund Global Environment Fund (GEF) remain shareholders with a 20% share of the company.
640 GW of renewable energies in China in 2020