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.


French Engie, Portugal's EDP aim be second-biggest offshore wind developer with JV

22/05/2019 08:33:00

French utility Engie and Portugal’s EDP said on Tuesday they will invest 15 billion euros ($16.7 billion) with the aim of becoming the world’s number two offshore wind developer after Denmark’s Orsted.


Daily (21.05.2019): European spot power prices soared by around 16% due to firmer consumption

21/05/2019 10:04:00

Oil prices diverged on Monday. OPEC’s intention to maintain output cuts coupled with the escalating tensions in the Middle East sent WTI futures up by 0.5% at 63.10 USD/bbl. Meanwhile, Brent crude lost 0.3% to settle at 71.97 USD/bbl, influenced by the high level of global crude oil inventories.


Gazprom discovers 2 new fields containing over 500 billion cu m of gas on Yamal shelf

21/05/2019 09:10:00

The Federal Agency for Mineral Resources approved the expert opinions of the State Reserves Commission with regard to the discovery by Gazprom of new hydrocarbon fields on the shelf of the Yamal Peninsula, namely the Dinkov and Nyarmeyskoye fields.