EDF aims to be the world’s leading electricity producer by 2020. The French energy giant laid out its ambitious plans at the company’s Annual General Meeting yesterday in Paris.
Chairman and CEO, Henri Proglio unveiled the strategy up to the year 2020 and it’s ambition of becoming the world’s number one electricity player, with 200GW of installed capacity and a diversified energy mix, comprising 50% nuclear, 25% thermal and 25% hydraulic and other renewable energies.
This would place EDF at the top of the renewable energies sector in Europe and make it a major global player in low carbon energy, with 75% of its fleet producing no CO2. The Group also intends to expand its international presence, increasing its generation capacity outside France by 50%.
Mr Proglio outlined how this would happen by concentrating on three core areas; developing more nuclear power, increasing its footprint in France with more staffing and investment in fleet and grids and by strengthening its position in the UK.
On the last point EDF plans to establish a firm and significant foothold in the UK in particular through the building of nuclear stations which are underpinned by what it calls ‘political decisions in support of low carbon energies with the recent publication of a draft law establishing a price floor on CO2 emissions.’
The company also plans to grow in the US, China and Russia and develop itself in the new emerging markets of Poland, Brazil and Turkey.