EDF plans sale of Chinese renewables

Electricite de France (EDF) is reportedly planning to divest its renewable energy assets in China. The state-owned French utility is working with an advisor to facilitate the sale as it strategically shifts its focus towards developing nuclear power projects within Europe. This move aligns with EDF's broader strategy to concentrate its resources and investments on its core European nuclear energy sector. The sale of Chinese assets signifies a significant pivot in the company's international energy portfolio and operational priorities.