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

France Spurs Efficiency, Renewables with $13.4 Billion Energy Plan

France Spurs Efficiency, Renewables with $13.4 Billion Energy Plan

France’s planned energy law will mobilize about €10 billion (US $13.4 billion) in investment through tax credits and low-interest loans to spur efficiency and renewable power, Environment Minister Segolene Royal said.

The law seeks to boost growth and jobs, and reduce bills through energy savings, she said. Measures include tax breaks and zero-interest loans for renovations to insulate homes.

“What is important is to use our imagination,” Royal told reporters in Paris, asked about plans for funding, growth and jobs. “What we have done is financial engineering.”

Government-owned lender Caisse des Depots et Consignations will set aside €5 billion (US $6.7 billion) for green projects, while non- state banks are also promising to lend, she said.

The cabinet approved the long-overdue legislation today. Expected to begin its journey through parliament in September, the law stems from President Francois Hollande’s target of shrinking the share of electricity France gets from atomic power to 50 percent by 2025 from about three-quarters now.

Other goals in the law include cutting emissions 75 percent by 2050 and getting 32 percent of energy from clean sources such as wind and solar by 2030, up from about 14 percent in 2012.

State-owned nuclear utility Electricite de France SA will be able to work out how to achieve the atomic output goal, as indicated by Royal in June with a broad outline of the law.

Energy Mix

“The energy mix has to progress,” Royal said.

While EDF won’t be forced to shut reactors, total nuclear capacity will be capped at current levels and the company will have to explain its strategy for its mix of generation sources to lawmakers in regular updates. Royal confirmed today that EDF’s oldest atomic plant at Fessenheim will be shut.

In the lead-up to the law’s publication, advocates of atomic power such as EDF have relied on models forecasting a significant increase in electricity demand and economic growth to justify keeping reactors running. Royal has said she wants power consumption to decline through increased efficiency.

The law will also promote electric car use at public entities and through bonuses granted to buyers who turn in older diesel-powered models, according to documents distributed today. Some 7 million recharging stations will also be installed.

Copyright 2014 Bloomberg

Lead image: Meunierd via Shutterstock



Three Chinese Solar Panel Groups Lose Exemption From EU Tariffs

Jonathan Stearns, Bloomberg

The European Union applied tariffs on three groups of Chinese solar-panel makers that have been exempted from the levies, potentially reviving tensions in the EU’s biggest trade case of its kind.

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...
Loss and profit binders

Yingli May Return to Profitability in Second Half, CFO Says

Justin Doom, Bloomberg

Yingli Green Energy Holding Co., a Chinese solar manufacturer that hasn’t reported income in almost four years, may return to profitability in the second half, the chief financial officer said.

Students and solar powered cars with energy storage

Rain or Shine, Students Keep Their Solar Race Cars Going with Energy Storage

Wayne Hicks, NREL Teegan and Kira Cordova love the original Star Trek TV series. That much is obvious. The eighth-grade twins from Ken Caryl Middle School in Littleton are wearing the uniform tunics from the 1960s show — Teegan's in red and...


Volume 18, Issue 3


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



PV-201: Introduction to PV Design & Installation

PV 201 Introduction to PV Design & Installation is simply the best i...

PV-301: Advanced PV Design & Installation

This highly desirable and advanced course is intended for the profession...

PV-401: Advanced Field Training

Real world on the job solar installation, training, and experience is th...


Up to Bat – Why More Solar Companies Are Thinking Seriously About A...

Given the growth of the solar industry in the U.S., with 2014 year-...

How to Reduce Soft Costs With a Critical Path Map

For solar installers, soft costs are a fact of life. However, they don&r...

Setting Limits and Framing Comparisons

Most buyers like to have choices, and they get personal satisfaction kno...


Tweet the Editors! @megcichon @jennrunyon


Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now