EC clears EUR-600m solar support scheme in France

29/11/2018 09:33 Solar


The European Commission (EC) has given the green light to a EUR-600-million (USD 677m) public support scheme in France that aims to encourage solar power generation from innovative installations.

The particular scheme is expected to support the installation of 350 MW of solar power generation capacity, either through ground mount or rooftop installations. Each project will range in capacity from 100 kW to 5 MW and will be selected through tenders organised until 2019. The winners will receive support from the country’s state budget in the form of feed-in tariffs (FiTs) or a premium on top of the market price for a period of 20 years.


The EC said in a statement it has determined that the measure will further support the energy and climate goals of the EU without unduly distorting competition in France or resulting in overcompensation for the beneficiaries.


France is pursuing a renewable energy target of 23% in gross final energy consumption by 2020.


Daily (14.02.2019): Oil prices climbed by 1.8% on Wednesday, as Saudi Arabia plans to reduce crude exports and production

14/02/2019 12:16:00

Oil prices were bullish on Wednesday, after Saudi Arabia announced its plans to reduce crude exports and production. At the same time, rising U.S. crude inventories might still put pressure on the market. As a result, Brent crude increased by 1.9% to 63.61 USD/bbl. WTI crude rose by 1.5% to 53.90 USD/bbl.


European consortium to buy 80% of Veja Mate offshore wind park

14/02/2019 10:10:00

A consortium led by asset manager Commerz Real AG and IKEA franchisee Ingka Group will acquire an 80% stake in the 402-MW Veja Mate offshore wind park in the German North Sea.


Over 500 Agreements to be Signed at Russian Investment Forum

14/02/2019 09:55:00

Over 500 agreements worth a total of 800 billion roubles are expected to be signed at the Russian Investment Forum 2019. This preliminary estimate is based on the information from the Forum participants and from open sources.