EDF Seeks Sale of China Renewables for Over $500 Million as It Refocuses on European Nuclear
Updated
Updated · Bloomberg · May 12
EDF Seeks Sale of China Renewables for Over $500 Million as It Refocuses on European Nuclear
1 articles · Updated · Bloomberg · May 12
EDF is working with an adviser to sell its wind and solar assets in China, marking a strategic shift away from those holdings.
More than $500 million is the expected value of the portfolio, according to people familiar with the matter, as the French state-owned utility redirects capital and attention to European nuclear projects.
Chinese firms are among the potential bidders being sounded out, but the process is still at an early stage and may not result in a transaction.
The planned divestment underscores EDF's broader priority of concentrating resources on nuclear expansion in Europe rather than renewable assets in China.
Amid a fierce price war, who stands to gain by acquiring EDF’s Chinese renewable portfolio for over $500 million?
Is EDF's nuclear pivot a masterstroke for energy security or a costly retreat from the global renewables race?