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Energy companies are trying to get out of coal as quickly as possible

2021-10-11T17:08:44.670Z

The large Western groups wish to reduce the share of this polluting fuel in their production. The big Western energy companies no longer want to have their hands dirty with coal. This blackens their image and could soon pose very concrete financing problems. The two large French groups to own coal plants have promised to exit by 2030 for EDF and 2027 for Engie. The ex-GDF-Suez has come a long way. After the takeover of International Power (the international branch of the British electricia



The big Western energy companies no longer want to have their hands dirty with coal.

This blackens their image and could soon pose very concrete financing problems.

The two large French groups to own coal plants have promised to exit by 2030 for EDF and 2027 for Engie.

The ex-GDF-Suez has come a long way.

After the takeover of International Power (the international branch of the British electrician General Power), the group finds itself with a number of coal-fired power stations on its hands.

Between 2015 and 2020, it reduced the share of this energy in its mix by 72% but still has 4.3 gigawatts of coal-fired power plants to date (the equivalent of 2.5 EPR reactors).

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The first green hydrogen projects are emerging

For its part, EDF, well known for its French fleet of 56 nuclear reactors, still has a few coal-fired power stations.

If it has closed that of Le Havre, it still counts that of Cordemais, near Nantes.

This should still work for a few months at least, and until

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Source: lefigaro

All business articles on 2021-10-11

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