Centrica invests in EDF's UK nuclear business
UK utility Centrica has bought a stake in EDF's newly-acquired nuclear business in the UK. Centrica will take a 20% interest in EDF's British Energy business for £2.3 billion ($3.5 billion), offtaking 20% of the power generated by BE's eight nuclear stations.
EDF will provide Centrica with an additional 18 Terawatt hours of power at market prices over five years from 2011 as part of the deal. EDF will still operate British Energy, with Centrica having board representation and some governance
More on Financing
Deal of the year: Intersect Power
Energy Risk Awards 2025: Clean energy company secures significant BESS financing amid market volatility
Innovation of the year – Project: Tramontana
Energy Risk Awards 2025: Finance specialist develops transformational agroforestry project
Sustainable finance house of the year: Bank of America
Energy Risk Awards 2025: Bank furthers commitment to sustainability with large-scale transactions that showcase innovation, ingenuity and vision
Supply chain decoupling fires up alpha focus at BofA
Talking Heads: Stock dispersion sees funds gross up on long/short baskets, while US structured notes come of age
Sustainable bond markets miss an options trick
A derivatives mindset could boost lagging sustainability-linked market, argues climate think-tank
UBS precious metals team shines amid market turmoil
Global uncertainty always adds allure to precious metals, putting a premium on the long-standing relationships and cutting-edge technology of the UBS precious metals team
A global solution to market developments
Sponsored content
