Tag: renewable energy in france

EC approves $6.7 billion scheme for renewable energy in France

The European Commission (EC) has approved a $6.7 billion scheme to support renewable power generation from small solar installations located on buildings in France. The scheme has been approved under the European Union (EU) state aid rules. It is expected to help France to add approximately 3,700 MW of additional capacity of solar energy in the country.

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Total sells two of its renewable power portfolios in France

Total Quadran, Total’s 100% renewable power geneation subsidiary in France, has sold half of its equity stakes in two renewable energy portfolios to Banque des Territoires and Crédit Agricole Assurances. Banque des Territoires has acquired a 50% stake in a 53 MW portfolio comprising of 8 solar farms in New Caledonia. Meanwhile, Crédit Agricole Assurances has acquired a 50% stake in a 285 MW portfolio comprising of 9 wind farms with a total capacity of 103 MW and 44 solar power plants with a total capacity of 182 MW.

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