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EDF CEO says doubling renewables target by 2030 would mean 15 bln-20 bln euros extra investment

PARIS, Feb 10 (Reuters) - The head of French state-controlled power group EDF said on Wednesday the potential doubling of its renewable energy capacity target by 2030 would mean 15 billion to 20 billion euros ($18.2 billion-$24.2 billion) of additional investment. Jean-Bernard Levy also told the French National Assembly in a virtual meeting that there was no alternative to the group’s planned reorganisation, code-named Hercule, that would work as well.

Under the Hercule plan, EDF would be split into three entities - a regulated EDF blue for the nuclear fleet, EDF azure for its hydropower business, and EDF green for its renewable energy, distribution and retail activities. ($1 = 0.8242 euros) (Reporting by Benjamin Mallet; Writing by Dominique Vidalon; Editing by Jan Harvey)

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