The World's #1 Renewable Energy Network for News, Information, and Companies.

French State to Keep Control of Hydropower Concessions, Royal Says

French State to Keep Control of Hydropower Concessions, Royal Says

France will create state-controlled companies to operate hydroelectric dams, Energy Minister Segolene Royal said today, scrapping a plan to hold competitive bids for the contracts.

Tenders would “create risks for water management, the ecological balance of valleys and power distribution,” Royal said in a statement today. “State control must be retained.”

Successive ministers have delayed making a decision about how to run the country’s biggest sources of renewable power, now mostly in the hands of state-run Electricite de France SA and GDF Suez SA through its Cie Nationale du Rhone, or CNR, and Societe Hydro-Electrique du Midi units.

“A decision, long-delayed, has to be made,” Royal said, adding that concessions for 150 dams will come up for renewal before 2023, a quarter of total capacity.

Majority state-owned companies modeled after CNR would run the concessions, according to the statement. Energy producers would need to compete to take a share in the partnerships.

President Francois Hollande held off a plan by his predecessor Nicolas Sarkozy to open bids for 5,300 megawatts of hydroelectric capacity. That prospect attracted interest from European utilities including Vattenfall AB and EON SE. The state auditor has said delaying tenders may cost hundreds of millions of euros in royalties.

The European Union announced in September a probe into how hydropower contracts are awarded in countries such as France and Portugal, where projects are operated by state-run companies.

Copyright 2014 Bloomberg

Lead image: Hydropower via Shutterstock

RELATED ARTICLES

Stock graph

Green Bonds Sprout as Wall Street Embraces Renewable Energy Debt

Cordell Eddings, Bloomberg Bonds backing clean energy and other sustainable initiatives are booming. Investors are snapping up green bonds at the fastest pace on record, as big banks like Morgan Stanley and Bank of America Corp. pile in with new iss...

The Big Question: What Is the Most Frustrating Part about Working in Renewable Energy?

Renewable Energy World Editors

Every industry has its challenges and misunderstandings. Sometimes the obstacles we face in simply trying to do our jobs can be very frustrating.

Norway and Sweden flags

Nordic Renewables Boom Set to Exceed Wind Energy Target

Jesper Starn, Bloomberg

Sweden and Norway will probably exceed a joint target for renewable energy production by the end of the decade, industry consultant Nena AS said.

Renewable energy community

State and Metro Governments, Consumer Actions Drive Dramatic Shift in US Energy Landscape

Ron Pernick, Clean Edge The United States is experiencing a significant shift in its energy landscape. Last year, utility-scale wind and solar power combined for 47 percent of new generation capacity in the U.S. Based on this expansion, 11 states...

CURRENT MAGAZINE ISSUE

Volume 18, Issue 3
1505REW_C11

STAY CONNECTED

To register for our free
e-Newsletters, subscribe today:

FEATURED PARTNERS



EVENTS

Mastering RETScreen® 4 for Clean Energy Project Analysis

Hands-on modeling class using RETScreen 4. Michael Ross designed this co...

CIREC WEEK

Chile is still considered to be one of the world’s hottest m...

Renewables and Mining Summit and Exhibition

African mining leaders are seriously exploring new energy solutions to s...

COMPANY BLOGS

US Energy Grid Review Finds Needed Upgrades Would Allow More Solar,...

Yesterday (April 21) the U.S. Department of Energy released the first Qu...

Clean Energy Patents Rise in 2014, Solar Tops others, Toyota and GM...

U.S. patents for Clean Energy technologies in 2014 were again at an all ...

Environmentally friendly solutions for projects

geoAMPS joins the celebration of the worldwide observance of Earth Day o...

SOCIAL ACTIVITY

Tweet the Editors! @megcichon @jennrunyon

NEWSLETTERS

Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now  

 

FEATURED PARTNERS