Energy in France

Energy in France

Électricité de France (EDF) is the main electricity generation and distribution company in France. It was founded on April 8, 1946 as a result of the nationalisation of a number of electricity producers, transporters and distributors by the Communist Minister of Industrial Production Marcel Paul. Until November 19, 2004 it was a government corporation, but it is now a limited-liability corporation under private law ("société anonyme"). The French government partially floated shares of the company on the Paris Stock Exchange in November 2005, [cite news|url=http://www.iht.com/articles/2005/11/21/business/edf.php|title=EDF shares fail to light up market|last=Bennhold|first=Katrin|date=21 November 2005|work=International Herald Tribune|accessdate=2008-07-11] although it retains almost 85% ownership as of the end of 2007. [cite web|url=http://investisseurs.edf.com/the-edf-group/edf-investors/stock-information/shareholding-policy-117065.html|title=Shareholding policy|date=31 December 2007|publisher=Électricité de France|accessdate=2008-07-11]

EDF held a monopoly in the distribution, but not the production, of electricity in France until 1999, when the first European Commission directive to harmonize regulation of electricity markets was implemented.

EDF is one of the world's largest producers of electricity. In 2003, it produced 22% of the European Union's electricity, primarily from nuclear power:
*nuclear: 74.5%
*hydro-electric: 16.2%
*thermal: 9.2%
*wind power and other renewable sources: 0.1%

Renewable energy

Piper Jaffray expected strong growth in France in 2009 and 2010, partly because of an expected decline in the price of solar panels and partly because of subsidies introduced in 2006 making themselves felt. France should be a key driver for solar together with Italy during 2009-2010. Piper Jaffray believes that France would add 500 megawatts of capacity in both 2009 and 2010. France has just 50 megawatts of solar power capacity now. [http://www.solid-state.com/display_news/166815/5/HOME/Spanish_subsidy_cuts_to_pinch_solar_firms] .

References


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