I think you are right on that and EDF's subsidiary will know their way around the feed in tariff application game- hopefully ensuring it gets the tick and goes ahead post haste.
EDF is a 64 billion pound company so no shortage of cash. Will be interesting to see if this development has more impact on the Euro exchanges. I'm hoping its a big step in the right direction for EPG and our market hasn't seen the light yet.
This is from the EDF website:
With a worldwide installed power capacity totalling 127.1 GW (124.8 GW in Europe) and global generation of 609.9 TWh, the EDF Group has the largest generating capacity of all the major European energy corporations with the lowest level of CO2 emissions. The EDF Group supplies electricity, gas, and associated services to more than 38 million customer accounts worldwide (including close to 28 million in France) and in Europe. In 2008, Group’s consolidated sales amounted € 64.3 billion. Group EBITDA amounted €14.2 billion and a net income (Group share) of € 3.4 billion.
EPG Price at posting:
22.0¢ Sentiment: Hold Disclosure: Held