International roundup: The Philippines, IAEA remarks, and EDF’s SMR plans

EDF plans to redeem €850M of hybrid bonds issued in 2020 on 15 December 2026, their first early redemption date. The company did not provide prior-period comparisons or details on funding the redemption.

Monitoring Analytics, the PJM market monitor, recommended that FERC approve KKR's $4.2B purchase of EDF's US and Canadian renewable assets only if KKR commits to keeping the capacity in PJM markets. The transaction, announced in June 2026, includes 938 MW of renewable energy projects. FERC's decision will hinge on whether KKR has the incentive to withdraw capacity to supply its data centers, a concern raised due to KKR's existing and planned generation and data center investments in the region.

RWE sold its 33.33% stake in the Five Estuaries Offshore Wind Farm to EDF. The project, with a capacity to power one million UK households, has construction consent for 79 turbines. RWE will support the transition to EDF, which will lead the project. RWE has plans to add 5GW of offshore wind capacity by 2031.

EDF secured a €4 billion loan, increasing sensitivity to euro interest rates. Stellantis aims to reset expectations after weak European sales. Both events occur amid significant European interest rate influence on corporate finances and consumer demand.

RWE sold its 33.33% stake in the Five Estuaries Offshore Wind Farm to EDF. EDF will now lead the project's development, which aims to generate power for about one million UK households. RWE remains active in offshore wind, with plans to expand capacity by 5 GW by 2031.

Électricité de France secured €4B in short-term bank loans, with €1B allocated to refinance nuclear reactor extensions. The loans have maturities of 12–18 months. According to the company, the funds are part of its Green Financing Framework.