EDF Energies Nouvelles: 9-Month 2009 Revenues: €708.6 Million

http://www.businesswire.com/news/home/20091104006308/en

PARIS--(Business Wire)--
Regulatory News:

* Strong increase in Generation revenues (up 40.7%):

- Solid performance in wind energy driven by new wind farms, chiefly in France,
Portugal and the United States

- Ramp-up in solar energy revenues

* Doubling in Operations & Maintenance revenues
* Slight decline in the Development and Sale of Structured Assets business
following a record year in 2008
* Sustained growth in the Distributed Energies business (52.1%) thanks to the
dynamism of solar system sales
* 2009 EBITDA objective confirmed: €280 million to €300 million

EDF Energies Nouvelles (Paris:EEN) posted consolidated revenues of €708.6
million for the first nine months of the year, representing an increase of 12.7%
compared with the first nine months of 2008.

Revenues broke down by geographic area as follows:
In millions of euros Nine months Nine months % change
2008 2009
Europe 305.0 418.0 +37.0%
Americas 323.6 290.6 -10.2%
TOTAL 628.6 708.6 +12.7%

Revenues broke down by segment as follows:
In millions of euros Nine months Nine months % change
2008 2009
Generation 160.9 226.4 +40.7%
Operations & Maintenance 14.5 28.2 +94.5%
DSSA* 342.1 285.0 -16.7%
Distributed Energies** 111.1 169.0 +52.1%
TOTAL 628.6 708.6 +12.7%
*Development and Sale of Structured Assets

** Comprises the activities of EDF Energies Nouvelles Réparties

Trends in production capacity

At 30 September 2009, EDF Energies Nouvelles` installed capacity all segments
combined amounted to 2,624.5 MW gross (1,795.1 MW net), plus another 1,022.3 MW
under construction (653.6 MW net).

Installed capacity breaks down by energy segment and country as follows:

31 December 2008 30 September 2009
in MW Gross Net Gross Net
WIND
France 263.4 223.7 330.4 286.8
Portugal 475.8 283.0 495.8 302.9
Greece 149.4 145.1 187.4 165.3
Italy 234.1 111.1 266.1 126.4
United Kingdom 143.2 123.2 139.2 119.2
Belgium - - 30.0 5.5
Germany 3.0 3.0 3.0 3.0
Turkey 49.0 12.2 67.0 16.8
United States 712.7 486.7 859.4 589.5
Total Wind 2,030.6 1,388.1 2,378.2 1,615.3
SOLAR
France 7.4 7.4 7.4 7.4
Italy 5.7 2.7 9.3 6.2
Spain 6.1 1.2 6.7 1.3
United States 1.6 1.6 4.2 4.2
Total Solar 20.8 12.9 27.6 19.0
OTHER SEGMENTS 223.9 163.4 218.7 160.8
TOTAL, EDF EN 2,275.3 1,564.4 2,624.5 1,795.1

Wind energy

Wind energy capacity grew by 347.6 MW gross (up 227.2 MW net) during the first
nine months of the year to reach 2,378 MW gross. New wind farms were
commissioned in the United States (150 MW), France (67 MW), Greece (38 MW),
Italy (32 MW), Belgium (30 MW), Portugal (20 MW) and Turkey (18 MW).

New wind energy capacity under construction stood at 860.2 MW at 30 September
2009. During the fourth quarter, installed capacity is expected to post a strong
increase.

Solar

Solar capacity came to 27.6 MWp gross (19 MWp net) at 30 September 2009.

The pace of new construction accelerated with the launch of 132.9 MWp in gross
capacity over the first nine months of the year. The projects are chiefly
located in France, Italy, Canada, Spain and Greece. The Group thus had 183.4 MWp
in gross capacity (129.8 MWp net) in service or under construction at 30
September, thereby exceeding the target of 100 MWp to 150 MWp set for year-end
2009.

BREAKDOWN OF REVENUES BY GEOGRAPHIC AREA

Revenues in Europe moved up 37% to €418 million owing notably to the dynamism of
the Generation business (up 39.8%). The Group benefited from the full-year
impact of the wind farms commissioned during 2008 chiefly in France and
Portugal, as well as the ground-based and roof array solar facilities
commissioned in France and Italy. The Generation business was also boosted by
new plants commissioned during 2009 in both the wind and solar segments.

The Distributed Energies business, which posted a 52.1% increase in revenues to
€169 million, also contributed to the region`s strong performance.

Revenues in the Americas posted a 10.2% decline to €290.6 million. Excluding the
DSSA business - which was up against unfavourably high comparatives - the
region`s revenues rose 54.8% owing to the Generation business` strong
performance (+43.8%). In spite of unfavourable wind conditions, notably in the
third quarter, the business was boosted by the commissioning of the Wapsi North
wind farm (100.5 MW gross) in December 2008 and the Shiloh II facility (150 MW
gross) in February 2009. The region`s revenues were also underpinned by the very
strong expansion in the Operations & Maintenance business (revenues up 90.7%).

BREAKDOWN OF REVENUES BY BUSINESS SEGMENT

The revenues recorded by the Generation business grew by 40.7% to €226.4 million
on the back of strong levels of wind and solar energy generation (up 52.6%). In
spite of poor wind conditions, generation of wind and solar energy was bolstered
by the full-year impact of the facilities commissioned during 2008 and those
that entered service during the first nine months of 2009 (increase of 354.4 MW
gross). The biomass business, which recorded a sharp rise of 137.8%, also
contributed to growth in Generation revenues following the complete return to
operations of the Lucena plant in Spain.

Revenues posted by the Operations & Maintenance business surged from €14.5
million to €28.2 million, representing a rise of 94.5%. This strong growth was
driven by the dynamism of this business in the United States where enXco signed
several contracts in 2008 and the first nine months of 2009 covering 2,525 MW in
capacity.

Revenues from the Development and Sale of Structured Assets (DSSA) business
declined by 16.7% to €285 million held back by unfavourable comparatives as 2008
was a record year with the sale in the United States of three large-scale wind
farms (Walnut, Grand Meadows and Goodnoe) with a total of 347.5 MW in capacity.
Over the first nine months of 2009, the principal sales involved the Crane Creek
(99 MW) wind farm, part of the Spearville II (48 MW) facility and the Fierville
wind farm in Europe (28 MW). During the fourth quarter, the DSSA business will
benefit from a portion of the sale proceeds from the Linden wind farm (50 MW) in
the United States, as well as the sale of the Mangassaye (5.1 MWp) solar farm on
Reunion Island. It will also be underpinned by the first sales of farm
warehouses fitted with solar panels in France.

Revenues from the Distributed Energies business recorded a sharp rise of 52.1%
to €169 million. Sales of solar systems to individuals and businesses (EDF ENR
and Photon Technologies1) continued to ramp up with revenues over the first nine
months of the year reaching €67.8 million (up from €5.1 million in the
equivalent period of the previous year). Over 2,200 photovoltaic systems were
installed in existing homes during the period, compared with around 1,000
installations over 2008 as a whole. Tenesol`s revenues decreased by 13.7% to
€52.3 million, while Supra`s contribution came to €46.4 million, up 8% compared
with the previous year.

OTHER THIRD-QUARTER HIGHLIGHTS

* enXco, the US subsidiary of EDF Energies Nouvelles, entered into a power
purchase agreement in July with US utility Indianapolis Power & Light (IPL). The
20-year agreement covers the electricity that will be generated by the Lakefield
(201 MW) wind farm. Construction of this facility, which is located in
south-western Minnesota, is due to be completed by the end of 2010.
* EDF Energies Nouvelles and First Solar Inc. signed a strategic partnership
agreement to build France`s largest solar panel manufacturing plant. The plant,
which will have an initial capacity of over 100 MWp p.a., will produce solar
panels using First Solar`s thin-film photovoltaic technology. EDF Energies
Nouvelles will fund half of the capital investment and plant start-up costs and
in return will benefit from the plant`s entire output for the first ten years.
* enXco, EDF Energies Nouvelles` US subsidiary, launched the construction of the
Linden wind farm in Washington state on behalf of a third party. The 50 MW
facility is due to be delivered to US power company Southern California Public
Power Authority (SCPPA) in early 2010.

OUTLOOK

EDF Energies Nouvelles confirms its year-end 2012 target of 4,000 MW in net
installed capacity, including 500 MWp in solar capacity.

The Group also confirms its 2009 EBITDA target of between €280 million and €300
million.

About EDF Energies Nouvelles

With operations in Europe and North America, EDF Energies Nouvelles is a market
leader in green electricity production. With a development focused on wind
energy for several years and more recently on solar photovoltaic, the Group is
also present in other segments of the renewable energies market: small hydro,
marine energy, biomass, biofuel and biogas. In addition, the Group is expanding
in the distributed renewable energies sector.

EDF Energies Nouvelles, 50 %-owned by the EDF Group, is listed in Euronext Paris
since November 2006 (code "EEN", ISIN code: FR0010400143).

www.edf-energies-nouvelles.com

1The method used to account for Photon Technologies inEDF Energies Nouvelles`
financial statements changed from the equity method to full consolidation from
January 2009

APPENDIX

Quarterly trends in the EDF Energies Nouvelles group`s consolidated revenues:

In millions of euros 2008 2009 % change
1st quarter
Europe 91.6 149.2 + 62.9 %
Americas 47.7 82.6 + 73.2 %
Total 139.3 231.8 + 66.4 %
2nd quarter
Europe 118.7 142.6 + 20.1 %
Americas 51.6 39.4 - 23.6 %
Total 170.3 182.0 + 6.9 %
3rd quarter
Europe 94.7 126.2 + 33.3 %
Americas 224.3 168.6 - 24.8 %
Total 319.0 294.8 - 7.6 %
Nine months
Europe 305.0 418.0 + 37.0 %
Americas 323.6 290.6 - 10.2 %
Total 628.6 708.6 + 12.7 %

EDF EN
Investor Relations
Dorothée Hontebeyrie
+33 (0)1 40 90 20 50
dorothee.hontebeyrie@edf-en.com
or
Delphine Deshayes
+33 (0)1 40 90 21 45
delphine.deshayes@edf-en.com
or
Press Relations
Clotilde Nicolas
+33 (0)1 40 90 48 02
clotilde.nicolas@edf-en.com
or
Aurélia de Lapeyrouse
Brunswick
+33 (0)1 53 96 83 72

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