The global economic crisis threatens to choke out many small and mid-sized renewable energy developers, but it is opening the door for valuable acquisitions for larger firms in strong cash positions.
France’s EDF Energies Nouvelles (EEN.PA) is in just such a position, according to Chief Executive David Corchia, who sat for an extended interview with Reuters.
Corchia said the company is on track to reach it’s goal of 4,000 megawatts (MW) of renewable energy capacity by 2012, up from 1,564 MW at the end of 2008.
He said the company is likely to invest EUR 1 billion in 2009, with 75% of that total going to wind.
Last week, EDF EN agreed to buy the rights to 180 wind turbines from Canada’s SkyPower.
Read the full report at the link below.
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