France sets renewable energy targets

France sets renewable energy targets

The French government announced its revised future offshore renewable energy targets at a national environment conference, aiming to target 100MW of marine renewable energy projects by 2030.

The plan comprises of revised goals for offshore wind as well focusing on increasing installed capacity to 3000MW by 2023.

The country expects the volume of the projects to be provided by public tenders and underway in 2023 to reach it’s goal of 2000MW in marine renewables and 6000MW in offshore wind.

Speaking at the conference President Francois Hollande said the country’s oldest nuclear power plant Fessenheim, located near the German and Swiss borders, would be shut down.

Hollande added that to achieve the goal of decreasing the share of nuclear energy in electricity production from 75 percent to 50 percent by 2025 “renewables must be increased even faster”.

France passed the green growth energy bill last year with hopes of diversifying the electricity generation mix, aiming at a 40 per cent production from renewable energy by 2030. The country would also become the first country to issue “green bonds” to finance projects that benefit the environment.

Ségolène Royal, France’s environment minister said wind farms in France would double and electricity provided by solar energy would triple.

Syndicat des Energies Renouveables (SER) has also welcomed the government’s new plan.