EDF Renewables has started construction of its first floating solar project, a 20MW installation co-located with the Lazer hydroelectric plant in south-eastern France.
Eran Chvika, finance and projects partner at Pinsent Masons LLP, discusses the possible remedies available for developers set to be hit by retroactive subsidy cuts in France’s solar market
French solar asset owners are set for months of uncertainty and potential legal battles as the country’s government moves forward with efforts to retroactively cut feed-in tariffs (FiT) for some older PV power plants.
Prices of solar-plus-storage systems to be deployed on France’s island territories have fallen once again in the country’s latest auction, dipping below €100/MWh (US$122.75/MWh).
The European solar sector has defied expectations to record its second-best year ever for deployment, according to a new study from trade association SolarPower Europe (SPE).
French solar developers, financiers and utilities have said government plans to cut subsidies for PV project owners would lead to an “economic catastrophe” that could threaten the country’s energy transition.
France will guarantee tariff support to 341MW of solar projects following completion of an oversubscribed auction that featured reduced prices compared to previous rounds.
Almost a third of France’s €100 billion coronavirus recovery package directed towards greener energy policies, as the country ramps up expenditure on hydrogen production.
