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EdF Spends Elsewhere

Posted in Nuclear,UK,USA Federal by Cheryl Morgan on the August 15th, 2008

While EdF is still talking about investing in the UK, and British Energy blusters about how it doesn’t need foreign help to build new power stations, the French energy giant is busy diversifying its risks.

Earlier this week EdF increased its stake in US-based Constellation Energy, and is expected to invest further in the coming years. EdF is, of course, in the general business of electricity generation and retail around the world. However, its specific interest in Constellation is tied to UniStar, a joint venture between the two companies intended to develop, you guessed it, a new generation of nuclear power stations in the USA.

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