EDF Trading terminates its involvement with the Aguan CDM project

14 April 2011


EDF Trading, a wholly-owned subsidiary of EDF S.A., has terminated its involvement in the Aguan biogas CDM project in Honduras.

“We are one of the leading market participants in the global CDM market and we take a responsible approach to our CDM portfolio,” said John Rittenhouse, Chief Executive of EDF Trading.

“We have taken the situation in Honduras very seriously and have spent the past few months looking at our options in respect to our withdrawal”, he continued.

“We have therefore issued our notification of termination to the seller and will no longer be involved in this project”, he said.

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.

EDF Trading is one of the top 3 market participants in European emission allowances and certified emission reduction credits. The team has built extensive knowledge of the CDM market and is actively involved in all the key areas of the value chain. With the experience of having sourced CDM projects in more than 15 countries, it has extensive understanding of the UN’s approval process and of the assessment of delivery risk associated with each project.

EDF Trading established and is responsible for the portfolio management of the EDF carbon fund (€290 million). It has one of the largest portfolios of carbon projects which currently number 200. It also has one of the most diversified portfolios in terms of geographic presence and methodology. It has worked with project developers across the world from Brazil to China, Russia, Korea, India, Malaysia, Mexico, the Phillipines, Thailand and Vietnam.

EDF Trading has one of the most mature portfolios in terms of registration percentage. Approximately 85% of the global portfolio already has UN registration. Projects include wind, hydro power, biomass, industrial energy efficiency, coal mine methane as well as wastewater and MSW management.

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.