State aid: Commission endorses three French initiatives to produce more than 2600 megawatts in renewable energy

On the 10 February 2017 the European Commission issued a press release stating it had endorsed three French schemes to support solar and hydropower energy generators in France under EU state aid rules. The schemes will allow France to develop around 2600 megawatts of additional solar capacity and 60 megawatts of additional hydropower capacity. The two solar schemes together have a provisional budget of €439 million per year (or a total of €8.8 billion over 20 years) and the hydropower scheme has a provisional budget of €25 million per year (or a total of €500 million over 20 years). These measures will help France achieve its 2020 target of producing 23% of its energy needs from renewable sources.

ESO: Background information: Energy http://www.europeansources.info/record/energy-4/

ESO: Background information: State aid: Commission approves four support measures for renewable energy in France http://www.europeansources.info/record/state-aid-commission-approves-four-support-measures-for-renewable-energy-in-france/

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