EDF Renewables achieved sales of over €1bn in the first nine months of this year, an increase of over 1% compared to the first nine months of 2018.
According to EDF Group’s quarterly financial information release, for the nine-month period ending 30 September EDF Renewables’ sales amounted to €1.2bn, compared with €1bn in the first nine months of 2018, a rise of 1.4%.
The business unit’s sales growth was driven by generation, which benefited from “positive price effects”, compared to September 2018 due to disposals carried out at the end of 2018 and beginning of 2019.
Gross installed capacity during the first nine months amounted to 1GW, mostly in solar energy. Net installed capacity, at 8.2GW, was broadly stable compared to the end of December 2018.
Recently EDF Renewables signed agreements with Tesco in the UK to provide power from roof-mounted solar panels and wind farms.
The unit also commissioned 130MW in solar energy capacity in Egypt and acquired a pipeline of 300MW wind projects under development in Germany.
In its quarterly financial release, EDF Group sales amounted to €50bn, up 2.9% in organic terms compared to the first nine months of 2018.