Monday, March 24, 2008

EdF and Iberdrola, a Renewable Energy Powerhouse?

The French utility Electricite de France SA has had exploratory talks with a construction company in Spain, with its eye on the Spanish energy market, according to an AP wire story.

The Wall Street Journal reported that EdF and Actividades de Construccion y Servicios SA (ACS) are in advanced talks about teaming up to buy Iberdrola DS and Union Fenosa SA -- two major Spanish utilities -- for US$134 billion.

The combination of these two giants of renewable energy would create a global powerhouse with considerable clout in the supply chain and in politics.

EdF is the world's largest utility. Its subsidiary Energies Nouvelles is a major player in the renewable energy sector. One of the company's larger endeavors in 2007 was to start construction of a 300 MW wind farm off the coast of Belgium.

(Click to read entire article)

Voice Your Choice Say NO to Overhead Power Lines

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