Électricité de France
French multinational electric utility company / From Wikipedia, the free encyclopedia
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Électricité de France SA (literally Electricity of France), commonly known as EDF, is a French multinational electric utility company owned by the government of France. Headquartered in Paris, with €139.7 billion in sales in 2023,[5] EDF operates a diverse portfolio of at least 120 gigawatts of generation capacity in Europe, South America, North America, Asia, the Middle East, and Africa.
Company type | Public (Société Anonyme) |
---|---|
Euronext Paris: EDF
CAC Next 20 Component | |
Industry | Electric utility |
Predecessor | Compagnie d'Électricité de l'Ouest Parisien |
Founded | 1946; 78 years ago (1946) |
Founder | Government of France under the direction of Provisional Government Minister for Industrial Production Marcel Paul |
Headquarters | Tour EDF, , |
Area served | Worldwide |
Key people | Luc Rémont (Chairman and CEO)[1] |
Products | Electricity generation, transmission and distribution; energy trading |
Revenue | €143.5 billion (2022)[2] |
-€5 billion (2022)[2] | |
-€18.2 billion (2022)[2] | |
Total assets | €388,132 million (2022)[2] |
Owner | Agence des participations de l'État (100%)[3] |
Number of employees | 165,000 (2021)[4] |
Subsidiaries | |
Website | www |
In 2009, EDF was the world's largest producer of electricity.[6] Its 56 active nuclear reactors (in France) are spread out over 18 sites (nuclear power plants). They comprise 32 reactors of 900 MWe, 20 reactors of 1,300 MWe, and 4 reactors of 1,450 MWe, all PWRs.
EDF was created on 8 April 1946 by the 1945 parliament, from the merging of various divided actors. EDF led France's post-war energy growth, with a unique focus on civil nuclear energy, through reconstruction and further industrialization within the Trente Glorieuses, being a flagship of France's new industrial landscape. In 2004, following integration into the European Common Market, EDF was privatized, although the government of France retained 84% equity. In 2017 EDF took over the majority of the reactor business Areva, in a French government-sponsored restructuring.[7][8][9] That same year, following a wish to divest from nuclear energy, the possible closure of 17 of EDF's French nuclear power reactors by 2025 was announced.[10] However, by 2022 this decision had been reversed, with the administration of president Emmanuel Macron announcing plans for a "nuclear renaissance", beginning with the projected construction of 6 EPR model 2 reactors with an option for 8 further reactors.[11] Meanwhile, construction is ongoing on EPR model 1 reactors in France and Britain.
Following privatization, decades of under-investment, and the 2021–2022 global energy crisis the Government of France announced the full renationalisation of the company for an estimated cost of €5 billion, which it completed in 2023.[12]