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EDF to acquire GE’s turbine unit in France
- 2 years ago (2022-02-10)
- David Flin
EDF has announced plans to acquire GE ’s French turbine unit, which maintains and manufactures steam turbines for nuclear power plants in France. An EDF spokesperson said that the company was: “studying the conditions in which its interests could be maintained.”
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Barbara Pompili, French Ecological Transition Minister, said that this would help expedite the country’s decarbonisation efforts, but she did not give any details regarding the planned acquisition.
GE carries out its nuclear activities in France through the GE Steam Power unit, which it acquired through a €12.5 billion deal with Alstom in 2015. It has been reported that GE intends to fully focus on its gas turbines and renewable energy business.
EDF believes that the deal will allow it to build nuclear power plants in France to ensure energy independence and meet climate transition requirements.