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EU Commission clears French renewable energy projects

EU Commission clears French renewable energy projects

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The European Commission on Friday cleared three French renewable energy initiatives which will jointly produce more than 17 gigawatts of energy, saying they were compliant with European Union state aid rules. The main project to be cleared is for the installation of 15 gigawatts of on-shore wind turbines which will pay small scale producers a premium on top of the market price. Two further initiatives to support small scale operators of solar panels and sewage gas installations were also cleared.

“The measures will boost the share of electricity produced from renewable energy sources, in line with the environmental objectives of the EU, while the distortion of competition caused by the state support is minimised,” the EU Commission, which acts as the competition watchdog in the EU, said.

Source:Reuters
Anand Gupta Editor - EQ Int'l Media Network

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