EDF aims to increase renewable capacity to 50GW

EDF aims to double its renewable capacity to 50GW by 2030. CEO of the company Jean-Bernard Levy said he wants the firm to become “a champion” in low carbon energy […]

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By Jacqueline Echevarria

EDF aims to double its renewable capacity to 50GW by 2030.

CEO of the company Jean-Bernard Levy said he wants the firm to become “a champion” in low carbon energy production with nuclear and renewable power.

The company, which is developing a nuclear power station at Hinkley Point in the UK, claims it invests around $2 billion (£1.3bn) per year in green projects worldwide.

EDF is also working “strongly” towards energy efficiency services.

Mr Levy added: “There is a huge opportunity in energy efficiency services outside France.”

China announced it will invest £6 billion in EDF’s nuclear project in the UK.