November 28, 2018 Read More →

France aims to boost wind, solar to 40% of energy mix by 2030

Reuters:

France plans to triple its onshore wind power capacity by 2030 and multiply by five its solar power generation, enabling it to boost the share of renewables in its energy mix to 40 percent, according to the energy plan presented on Tuesday.

French President Emmanuel Macron said the government would increase spending on renewables development to 8 billion euros ($9.05 billion) annually from 5 billion to take total spending to 71 billion euros between 2019 to 2028.

Nuclear-dependent France has lagged behind other European nations with only around 20 percent of electricity consumption coming from renewables

France is on track to meet its target of 15 gigawatt of installed wind power capacity by the end of the year, but installation of solar panels would likely fall short of the 10.2 GW target by the end of the year.

Macron said the government would make sure power prices from renewables projects are kept low for consumers while developing more power interconnectors with European neighbors so as to always benefit from the least-cost power.

More: France plans to triple wind power capacity by 2030

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