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  >  E.D.F.    EDF   FR0010242511

E.D.F. (EDF)

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector 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 E.D.F.
04:48p E D F : EDF signed an innovative bilateral RCF with interest rate dependent on i..
10:28a E D F : The EDF Group appoints Christophe Salomon as Head of Information Systems
05/19 AREVA : Exclusive - EDF set to win EU approval for Areva nuclear reactor deal
05/19 EXCLUSIVE : EDF set to win EU approval for Areva nuclear reactor deal - source
05/19 EDF : EDF is announcing the signing of an agreement with PGE for the sale of EDF..
05/17 E D F : EDF Board of Directors approves the creation of EDVANCE, a significant m..
05/17 EDF : EDF Board of Directors approves the creation of EDVANCE, a significant mil..
05/17 Trump turmoil drags European shares into worst day in eight months
05/12 E D F : Put option agreement with PGE on EDF Polska’s cogeneration and pow..
05/11 EDF : Put option agreement with PGE on EDF Polska's cogeneration and power gener..
More news
Sector news : Multiline Utilities
05/19 European shares claw back gains after worst week in six months
05/18 CENTRICA : British power utilities Centrica, SSE add to gains on Tory manifesto ..
05/18 CENTRICA : Conservatives to support shale energy, cap household energy tariffs
05/18 NATIONAL GRID : full-year adjusted profit boosted by higher electricity prices
05/18DJNATIONAL GRID : Posts Underlying Growth in FY17; Well Positioned
More sector news : Multiline Utilities
News from SeekingAlpha
05/19 REUTERS : EDF's plan to acquire Areva stake to be approved by EU regulators
05/14 Electricite de France's (ECIFF) on Q1 2017 Results - Earnings Call Transcript
05/09 Electricite de France SA reports Q1 revenue
04/13 Repeated Strategic Blunders And Regulatory Risks Weighing On Centrica
03/31 The Market Is Wrong About KEPCO
Advertisement
Financials (€)
Sales 2017 69 321 M
EBIT 2017 5 808 M
Net income 2017 2 336 M
Debt 2017 41 971 M
Yield 2017 3,96%
P/E ratio 2017 11,00
P/E ratio 2018 12,34
EV / Sales 2017 0,97x
EV / Sales 2018 1,00x
Capitalization 25 321 M
More Financials
Chart E.D.F.
Duration : Period :
E.D.F. Technical Analysis Chart | EDF | FR0010242511 | 4-Traders
Full-screen chart
Technical analysis trends E.D.F.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 20
Average target price 9,12 €
Spread / Average Target -1,3%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Jean-Bernard Lévy Chairman & Chief Executive Officer
Xavier Girre Senior Executive Vice President-Group Finance
Bruno Lafont Independent Director
Jacky Chorin Director
Jean-Paul Rignac Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
E.D.F.2.89%28 370
NATIONAL GRID PLC10.76%51 537
ENGIE S.A.11.22%36 780
SEMPRA ENERGY10.79%27 942
PPL CORP14.01%26 521
E.ON SE10.37%18 237
More Results