The Energy map of Europe is heading towards a new formation again this summer. The reason of this redrawn is France EDF, the biggest European energy group. The greatest strength of EFD is the fact that 85% of its shares are held by the French government. That’s why they can spread out their wings all over the continent. To improve their dominance they first tried to gain control in Italy but since that failed they have turned their attention to Spain and Britain.
In order to protect the two main Spanish firms (Iberdrola and Gas Natural) against EFD the prime minister of Spain wants them to merge and protect themselves with a bunch of loyal shareholders so that they can fend off EDF. Especially Iberdrola is interesting for EFD because it’s the world leader in wind-power generation.
In Britain EDF is interested in buying the stakes that the British government’s wants to sell. But there are others who are also interested. The British government prefers a consortium of bidders, to avoid that one foreign firm gets to powerful on the British energy market. The most suitable alternative is that a big British firm teams up with an experienced nuclear operator such as EDF.
The government however is planning to invest in more nuclear plants because it is worried about climate change. It’s a fact that nuclear energy is clean but it isn’t always safe and it produces a lot of garbage. So for EFD it would be better to invest in new nuclear plants then in the old ones because they will last longer.
In order to protect the two main Spanish firms (Iberdrola and Gas Natural) against EFD the prime minister of Spain wants them to merge and protect themselves with a bunch of loyal shareholders so that they can fend off EDF. Especially Iberdrola is interesting for EFD because it’s the world leader in wind-power generation.
In Britain EDF is interested in buying the stakes that the British government’s wants to sell. But there are others who are also interested. The British government prefers a consortium of bidders, to avoid that one foreign firm gets to powerful on the British energy market. The most suitable alternative is that a big British firm teams up with an experienced nuclear operator such as EDF.
The government however is planning to invest in more nuclear plants because it is worried about climate change. It’s a fact that nuclear energy is clean but it isn’t always safe and it produces a lot of garbage. So for EFD it would be better to invest in new nuclear plants then in the old ones because they will last longer.
1 opmerking:
It's great to hear and read that more and more 'cross-border energy deals are in the pipeline'.
But of course if people or companies want to invest in nuclear plants they should invest in new ones. Investment in old plants is definately wasted money that could be used for better projects!
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