France less attractive for renewable investment, says TotalEnergies | World News
France hopes to have 45 gigawatts (GW) of offshore wind in operation by 2050 to achieve carbon neutrality
 "France less attractive for renewable investment, says TotalEnergies")
Sluggish project approvals and the fact that wind power is sold to the government, rather than directly to customers, make France less attractive than some other countries for renewable investments, according to the director of TotalEnergies France.
Isabelle Patrier was speaking ahead of TotalEnergies’ inauguration on Friday of a 63-megawatt wind farm in northeast France.
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Why it’s important
France hopes to have 45 gigawatts (GW) of offshore wind in operation by 2050 to achieve carbon neutrality.
So far two offshore wind farms totalling 0.97 GW are fully operational, with bidding lasting 2.5 to 3 years on average.
Key Quotes
“There are countries in which you go much faster in renewable electricity production than you do in France, whether it’s offshore wind, onshore wind or solar,” Patrier said.
“In Germany, in offshore wind, you can recoup the electrons you generate and sell them directly to your clients in contracts to help them decarbonise, you’re not selling them to the German state … That’s the key aspect in wind in places we are present like Scotland, Britain, offshore New York in the US where we’ve won large contracts, and in Asia.” “France remains France for TotalEnergies, in the sense where it’s a key country for us … but we will invest in offshore wind in places where … we have the power to produce electricity rapidly to supply our customers.”
TotalEnergies is France’s third-largest green electricity provider, with 2 GW of installed renewable capacity there out of 23 GW globally.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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