Prime Minister Edouard Philippe has announced that the French government plans to invest €20 billion in an energy transition plan. The announced plan includes:
According to sourcers, the €7 billion will be invested to boost the growth of French renewable energies by 70% over the next five years. This investment would support research and innovation to tackle climate change issues and accelerate the transition to low-carbon economy.
The plan for the transportation industry is to provide €4 billion into the switch of vehicles that will contribute less pollution (the transport industry responsible for a third of greenhouse gas emissions). Additionally, the €9 billion investment plan will finance renovations of 75,000 residences annually, or 375,000 over the government’s five-year term (buildings are responsible for at least 20 percent of the greenhouse gas emissions).
The funds are part of a €57-billion investment plan for 2018-2022 called 'Great Investment Plan 2018-22'. This investment plan has the objective of reviving France’s economy.
We have recently reported about several renewable enegy projects in France. The main projects are, among others:
Voltalia has announced that two solar projects with a total capacity of 8 MW have been selected by the French ministry for Ecological and Social Transition under the “CRE IV” national call for tenders.
Read moreTerna and the European Investment Bank (EIB) have signed an agreement for a €130 million (US$153 million) loan in support of investments for the public component of the Piedmont-Savoy project, the new 320 kV direct current electricity interconnector that will link Italy and France.
Read moreBoralex has announced the closing of financing of €46.4 million (US$54.9 million) for the Chemin de Grès wind farm in France’s Nord department.
Read moreEDF Energies Nouvelles has announced the results of its Simplified Public Tender Offer for FUTUREN (FTRN).
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