EDF's power generation dipped by 10% in 2020 to 502 TWh

EDF has released its 2020 full-year results, posting a -3.4% decline in its turnover to €69bn and an 87% fall in its net results to €0.7bn. The group’s power generation declined by 10% to 502 TWh, due to a 12% drop in nuclear generation to 384 TWh and to a 14% fall in gas-fired generation; this was partly offset by increases in hydro (+12%) and renewable (+5.5%) power generation. In France, nuclear power generation contracted by 12%, mainly due to the health crisis that extended the duration of outages. The two reactors at Fessenheim were shut down definitively in 2020, following the decision of an early closure of the plant by the French government.  In the United Kingdom, nuclear power generation fell by nearly 10% due to extended outages at the Hunterston B and Dungeness B nuclear power plants.

At the end of 2020, EDF operated 120.5 GW of capacities (127.9 GW including joint venture and associated companies), including 71.2 GW of nuclear, 21.5 GW of hydropower, 12.3 GW of gas-fired power plants, 8.2 GW of renewables (of which 2.5 GW onshore wind, 1.6 GW offshore wind and 3.9 GW solar), 3.7 GW of coal-fired power plants and 3.6 GW of oil-fired power plants. The group added 2.5 GW of new renewable capacity and had an 8 GW renewable portfolio under construction at the end of the year (x3 in two years). EDF aims to reach 60 GW of net installed renewable capacity for 2030.