Unlock Premium Data: Up to 50% Off InvestingProCLAIM SALE

EDF should invest in renewables, not Hinkley Point - French junior minister

Published 21/04/2016, 10:07
© Reuters. Electrical power pylons of high-tension electricity power lines are seen next to the EDF power plant in Bouchain, near Valenciennes
EDF
-

PARIS (Reuters) - EDF (PA:EDF) needs to change its strategy and invest in renewable energy rather than putting money into something as complicated as the Hinkley Point nuclear project, French Minister of State for State Reform Jean-Vincent Place said.

The comments on Thursday by the former head of the left-wing Greens contradict those of French Economy Minister Emmanuel Macron, who has argued that EDF must go ahead with the 18 billion pound project to build two nuclear plants in Britain.

"EDF needs to change its strategic vision," Jean-Vincent Place said in an interview on Europe 1 radio.

"EDF should put its money into renewable energy, rather than into a project which has so many difficulties," the junior minister added.

© Reuters. Electrical power pylons of high-tension electricity power lines are seen next to the EDF power plant in Bouchain, near Valenciennes

The government was to discuss EDF's finances on Wednesday ahead of an EDF board meeting on Friday.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.