France bets big on renewable energy sector

The Government of France plans to triple its onshore wind capacity and increase its solar capacity five-fold by 2030 in a bid to expand the share of renewables to 40 per cent in its total energy mix. To achieve this target, it plans to increase the spending on renewables from Euro 5 billion to Euro 8 billion per year. This will take the total spending by the government between 2019 and 2028 to Euro 71 billion. The government also wants to make sure that the tariffs for renewable energy projects are kept low. Currently, approximately 20 per cent of the total electricity consumed in the country comes from renewables.

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