EDF links with asset managment co.

FRANCE: EDF and Credit Agricole-owned asset management company Amundi have linked up with the aim of raising EUR 1.5 billion for renewables projects.

Under the agreement, EDF will contribute investment opportunities while Amundi will handle project investment. The principle aim is to recruit retail and institutional investors.

The two companies said they would offer two products. The first would be devoted to renewables energy, including wind power and solar. The second will focus on energy saving products for the business and manufacturing sectors.

Amundi CEO Yves Perrier said: "This partnership with EDF is part of Amundi's strategy to design innovating investment solutions for its clients whilst addressing investment challenges faced by corporates".

According to Windpower Intelligence, EDF has over 1.3GW in development ni countries including the UK,  US, Greece, Belgium and Canada.