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France’s EUR30.5 billion renewable power support wins EU approval

( July 27, 2021, 09:45 GMT | Official Statement) -- MLex Summary: Onshore operators of solar, as well as onshore wind and hydroelectric installations, will be able to benefit from a new premium on top of the electricity market price in France, after the EU cleared a national plan with a provisional total budget of around 30.5 billion euros to promote the generation of power from renewable sources. The support plan will run until 2026, with aid to be paid out for a maximum period of 20 years following the connection of new installations to the grid, the European Commission said today.Statement follows. ...

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