Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Euronext Paris  >  Electricité de France    EDF   FR0010242511

ELECTRICITÉ DE FRANCE (EDF)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

EDF : launches Electranova Capital, an investment fund for energy start-ups specialising in innovative technologies that respect the environment

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/15/2012 | 12:50pm CEST

EDF joined forces with Idinvest Partners, a well-known expert when it comes to funding SMEs, to create a venture capital fund called Electranova Capital. The aim of this fund, endowed with a minimum investment capacity of €60 million, is to encourage the emergence of innovative projects focusing on new technologies with a view to embracing the challenge of a low-carbon energy model, for both energy production and usage. The goal of this fund is to finance innovative young companies in the energy sector with strong potential for growth, both in France and in Europe, via minority shareholdings.

EDF has defined the investment scope of the fund, and will contribute its own expertise in "cleantech" solutions. The fund will be managed autonomously in accordance with the industry's best practices. EDF is contributing €30 million to Electranova Capital and Allianz, the first financial investor to be won over by the ambition and approach adopted by the fund, is committing €10 million to the project. Comprehensive discussions are underway with other prestigious partners who are keen to be involved in this project alongside EDF, and the search for investors will continue throughout 2012.

The creation of this venture capital fund fits in perfectly with the worldwide context of an ever-evolving energy mix, characterised by countless innovations. New questions are being asked, particularly about the development of smart grids, the arrival of electric vehicles, advances in energy efficiency and renewable energy, and electricity storage...

EDF, with its over 2,000 strong R&D team, is actively involved in these issues, investing in research into new technologies and innovative business models. Start-ups also play a vital part in innovation. Knowing about and encouraging the development of these start-ups is becoming a new challenge for large companies.

This project will also provide an opportunity for start-ups to forge ties and nurture partnerships with EDF R&D and the group's other departments.

The launch of this fund ties in with the whole EDF group's innovation policy, which is committed to strategic contributions to a number of funds specialising in technologies that respect the environment around the world, particularly in North America (Chrysalix in Canada) and China (Tsing Capital), helping to establish a comprehensive overview of Clean Technology innovations around the world.

The EDF Group, one of the leaders in the European energy market, is an integrated energy company active in all areas of the business: generation, transmission, distribution, energy supply and trading. The Group is the leading electricity producer in Europe. In France, it has mainly nuclear and hydraulic production facilities where 96.5% of the electricity output is CO2-free. EDF's transmission and distribution subsidiaries in France operate 1,285,000 km of low and medium voltage overhead and underground electricity lines and around 100,000 km of high and very high voltage networks. The Group is involved in supplying energy and services to approximately 27.9 million customers in France. The Group generated consolidated sales of € 65.3 billion in 2011, of which 43.1% was achieved outside of France. EDF is listed on the Paris Stock Exchange and is a member of the CAC 40 index.

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ELECTRICITÉ DE FRANCE
07:50aELECTRICITE DE FRANCE : EDF in Talks to Sell Stake in U.K. Wind Farms Portfolio ..
DJ
05/17EDF : 2017 report on payment of extractive activities
GL
05/17HITACHI : British government offers £13 billion to Hitachi's UK nuclear project ..
RE
05/17BRITISH GOVERNMENT OFFERS $18 BILLIO : Kyodo
RE
05/16ELECTRICITE DE FRANCE : Bulgarian government prepares to revive Belene nuclear p..
RE
05/15ELECTRICITE DE FRANCE : Mobilised in the fight against global warming
PU
05/15ELECTRICITE DE FRANCE : EDF consolidates its leadership in the fight against glo..
PU
05/11Npower hits million British energy customers with price hike
RE
05/11Factbox - Energy price changes by utilities in Britain
RE
05/11ELECTRICITE DE FRANCE : EDF finalises the acquisition of 750 MW of active genera..
PU
More news
News from SeekingAlpha
04/10Eni sets goal for 2M French gas and power clients by 2021 
03/27EDF planning to invest ?8B in electricity storage 
03/12E.ON, RWE reshape German power sector with asset swaps 
02/20Anadarko, Electricite de France sign long-term LNG supply deal 
02/16Electricite De France SA 2017 Q4 - Results - Earnings Call Slides 
Financials (€)
Sales 2018 70 033 M
EBIT 2018 6 066 M
Net income 2018 1 866 M
Debt 2018 32 718 M
Yield 2018 2,34%
P/E ratio 2018 19,71
P/E ratio 2019 17,33
EV / Sales 2018 0,98x
EV / Sales 2019 1,00x
Capitalization 36 061 M
Chart ELECTRICITÉ DE FRANCE
Duration : Period :
Electricité de France Technical Analysis Chart | EDF | FR0010242511 | 4-Traders
Technical analysis trends ELECTRICITÉ DE FRANCE
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 20
Average target price 11,5 €
Spread / Average Target -6,2%
EPS Revisions
Managers
NameTitle
Jean-Bernard Lévy Chairman & Chief Executive Officer
Xavier Girre Senior Executive Vice President-Group Finance
Christophe Salomon Head-Information Systems
Bruno Lafont Director
Jacky Chorin Director
Sector and Competitors
1st jan.Capitalization (M$)
ELECTRICITÉ DE FRANCE17.75%42 379
ENGIE1.95%41 740
NATIONAL GRID PLC0.80%38 966
ORSTED22.76%27 389
SEMPRA ENERGY0.00%26 990
E.ON4.08%24 308