EDF Trading acquires Energy Systems International

27 July 2010


EDF Trading Singapore Pte Limited, a wholly-owned subsidiary of EDF Trading, announces its acquisition of Energy Systems International Limited (ESIL) from its joint venture shareholders Energy Systems International LLC and Pacific Millennium Investment Corporation.

ESIL is a China-based CDM project developer with a strong business portfolio of CDM projects. It has offices in Beijing and Shanghai and a well established reputation in the region.

“This is a significant transaction for EDF Trading as it will enable us to expand our presence in the carbon market as well as provide a strong platform for further development in China”, said John Rittenhouse, Chief Executive of EDF Trading.

ESIL will remain a separate legal entity which will form part of EDF Trading’s Environmental Products business and will be managed out of the company’s Singapore office. EDF Trading is one of the top buyers of carbon credits from CDM projects around the world and this acquisition consolidates its position as a leader in the global carbon market.

For further information, please contact:
EDF Trading
Michele Reid, Head of Communications
Tel: +44 (0) 20 7061 4232
Email: michele.reid@edftrading.com

About EDF Trading
EDF Trading is a leader in the international wholesale energy markets. Its own portfolio of assets, combined with EDF Group businesses, give it the ability to source, supply, transport, store, blend and convert physical commodities across the wholesale energy markets.

In Europe, it is one of the largest participants in the power and gas markets and was one of the first entrants into the global market for liquefied natural gas. EDF Trading was also one of the first entrants in the European emissions trading market and is now one of the top three market participants in European emission allowances (EUA) and certified emission reduction (CER) credits. It is also active in the renewable energy credit (REC) market in the United States. The global coal and freight business is the largest importer of coal into Europe. EDF Trading is also a pioneer in the biomass market.

EDF Trading is able to offer physical acquisition, management and delivery of natural gas, power and coal in the United States and Canada.

EDF Trading is a 100% owned subsidiary of EDF Group, Europe’s leading electricity producer, a major player in renewable energies, a significant participant in the worldwide revival of nuclear energy with a growing presence in the natural gas industry

For more information on EDF Trading, please visit www.edftrading.com.