French small-scale solar scheme gets EU backing

French small-scale solar scheme gets EU backing.

The European Commission has approved, under EU State aid rules, a €5.7 billion French aid scheme to support renewable electricity production from small solar installations located on buildings.

The measure will help France achieve its 2030 target of producing 33 per cent of its energy needs from renewable sources and will contribute to the European objective of achieving climate neutrality by 2050, without unduly distorting competition.

Executive Vice-President Margrethe Vestager, in charge of competition policy, said, “This €5.7 billion support scheme will further help France in its transition to an environmentally sustainable energy supply.

“The measure, which will support production of renewable energy from small solar installations, complements another €30.5 billion French scheme to support production of electricity from renewable energy sources that the Commission has approved last month. It will further stimulate the development of renewable energy sources, while ensuring a level playing field in the French energy market,” she added on August 27.

The French scheme

France notified to the Commission its plans to introduce a new scheme to support the production of electricity from solar installations.

The scheme, which has a provisional budget of around €5.7 billion and will run until 2026, will be open to operators of small photovoltaic installations located on buildings with a capacity of up to 500 kilowatt.

These installations will be eligible to receive support in the form of a feed-in tariff (i.e., a guaranteed price for the electricity produced) over twenty years. The level of the feed-in tariffs will vary according to the size of the installation and the business model (i.e., installations injecting all electricity into the grid or installations consuming part of the generated electricity).

With this measure, France expects to develop 3,700 additional megawatt in solar renewable energy.


Thank you for taking the time to read this article, please remember to come back and check The Euro Weekly News website for all your up-to-date local and international news stories and follow us on Facebook and Instagram.

 

 

 

 

 

FacebookTwitterRedditWhatsAppTelegramLinkedInEmailCopy Link
Go Back
Written by

Deirdre Tynan

Deirdre Tynan is an award-winning journalist who enjoys bringing the best in news reporting to Spain’s largest English-language newspaper, Euro Weekly News. She has previously worked at The Mirror, Ireland on Sunday and for news agencies, media outlets and international organisations in America, Europe and Asia. A huge fan of British politics and newspapers, Deirdre is equally fascinated by the political scene in Madrid and Sevilla. She moved to Spain in 2018 and is based in Jaen.

Comments


    Leave a comment

    Your email address will not be published.