French utility EDF to spend €80 mln to fund air-cooling systems in schools

EDF will spend €80 million ($91.02 million) to fund air-cooling systems for schools, kindergartens and day care centers as Europe faces a heatwave. The announcement reflects a climate- and weather-related public support measure rather than a material operating update. Market impact should be limited.

Analysis

EDF will spend €80 million ($91.02 million) to fund air-cooling systems for schools, kindergartens and day care centers as Europe faces a heatwave. The announcement reflects a climate- and weather-related public support measure rather than a material operating update. Market impact should be limited.