EDF_REGISTRATION_DOCUMENT_2017

1.

PRESENTATION OF EDF GROUP Description of the Group's activities

EDF EN has the expertise required to ensure EDF’s development in renewable energies, particularly in the fields of wind and photovoltaic solar power and electricity storage. At the end of 2017 the project portfolio had a capacity of 22.4GW of which 20.6GW under construction. EDF EN is a major player in renewable electricity generation, particularly in its biggest markets, namely North America and Europe. EDF EN generates electricity from renewable energy sources and is involved in every stage of the value chain. It operates upstream, in project development, as well as in the construction of power plants and their operation and maintenance. Each of these activities may be conducted on its own account or on behalf of third parties. As part of its project development activities, the Group is also involved in the Development and Sale of Structured Assets (an activity referred to as “DSSA”), which consists of selling projects it has built, in whole or in part, to third parties interested in such infrastructure assets. With regard to DSSA, the net capacity sold in 2017 amounted to 255.2MW. Alongside development focussing on wind and photovoltaic solar power (which represent around 97.6% of its net installed capacity), EDF EN is also present in other renewable energy segments, primarily marine energy and electricity storage. Lastly,

EDF EN is also present in the decentralised renewable energy sector (rooftop solar power) targeting individuals and corporate customers. Around 85% of revenues generated by assets consolidated under the full consolidation method are not exposed to the market risk, thanks to long-term contracts or other supporting mechanisms to renewable energies. Long-term contracts have an average remaining term of approximately 13 years (1) . Seventy-seven percent (in MW) of EDF EN's fully consolidated assets across all segments and countries are covered by contracts with a purchase obligation. Historically, EDF EN primarily developed in two geographical regions: Europe and North America (USA, Canada and Mexico). Since 2012, the Group has also become established in new countries with significant potential for renewables development such as Brazil, Chile, India, China, the Gulf states, Israel and South Africa. Continuing its growth, EDF EN explored new perspectives in 2017 with its entry into the United Arab Emirates and Egypt. At 31 December 2017, EDF EN had a gross installed capacity (2017) of 11,787.1MW, a net installed capacity of 7,819.1MW and a gross capacity under construction of 1,875.6MW.

According to estimates in the 2018 budget on fully consolidated assets. (1)

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DF I Reference Document 2017