France: EdF takes Photowatt over

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EdF confirmed on February 10 that it intended to take French solar producer, Photowatt, over after it filed for insolvency in November.

Now, according to Bloomberg, a commercial court has accepted EdF’s offer. It adds that the nuclear utility will take the reins of Photowatt on March 1, via its renewable energies division.

Neither party could be immediately contacted for further comment.