French state-owned energy company EDF has marked its sixth consecutive year of investing more funds into the UK’s energy industry than it achieved in annual profits.
EDF Energy, a UK subsidiary of French state-owned energy company EDF, has announced an updated completion cost for the Hinkley Point C coming in at £43 billion.
The UK and France have signed an energy-based partnership that could see electricity interconnection capacity between the two countries increase by up to two thirds.
French energy giant EDF’s UK branch posted an annual profit of £1.12 billion despite the state-controlled company having recorded annual losses of around £16 billion.