New Energy

France will invest 5.7 billion euros increase installed solar capacity by 3.7GW

Seetao 2021.09.18
  • France will use 5.7 billion euros approved by the European Commission to expand its renewable energy capacity portfolio

The assistance will help France achieve its 2030 carbon emission reduction target by expanding the launch of small solar buildings. EU Competition Commissioner Margrethe Vestager (Margrethe Vestager) said: This 5.7 billion euro support program will further help France transition to environmentally sustainable energy supply.

"This measure will support the production of renewable energy from small solar installations and complements another 30.5 billion euros French support for renewable energy power generation plan approved by the French Commission last month. It will further stimulate the development of renewable energy while ensuring A level playing field in the French energy market.” France’s goal is to produce 33% of total energy from renewable energy by 2030 and achieve climate neutrality by 2050. It is expected that small solar installations will help drive transformation and increase consumers Participation in climate change mitigation and energy transition.

Projects planning to install up to 500 kW of solar capacity on buildings are eligible to receive funding by 2026. Support the distribution of the above grid price (that is, the guaranteed price of the generated electricity) in the form of a statement. Financial support will be provided to project developers without the need for bidding procedures. The European Commission will provide assistance as part of the 2014 National Environmental Protection and Energy Assistance Guidelines, which stipulate that countries should expand their renewable energy investment portfolios at the lowest taxpayer costs.

Keywords: new energy, overseas engineering, international engineering construction, foreign engineering construction news

According to the European Commission, without aid and public support, France is working to expand its renewable energy resource portfolio. Providing such funding will help the European Union achieve its green agreement and adapt to 55 climate action goals, including reducing greenhouse gas emissions by 55% by 2030 and producing 40% of energy from renewable sources.Editor/XuNing