TodayEco.com

11 Apr '18, 3pm

France set to decide fate of offshore wind projects

The French government is due to decide imminently on the future of 3GW of offshore wind projects and the support the developments will receive, prompting renewable energy associations in the country to renew warnings of the potential danger of introducing retroactive changes. The government said last month it wanted to “renegotiate and possibly cancel offshore wind projects” off France’s northwestern coast, amid the high cost of the subsidies offered to these projects at the time of their respective tenders against the latest industry power-price benchmarks. The potential move would cover projects won in 2012, when France awarded tenders for a combined offshore capacity of 2GW to two consortia, one led by EDF and one by Spain’s Iberdrola, and 2014, when it awarded Engie 1GW. Prime Minister Edouard Philippe is now expected to reach a decision “in the next few days” over the...

Full article: http://www.rechargenews.com/wind/1470032/france-set-to-de...

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