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EU: Regulators green light French renewable energy schemes

By  |  February 12, 2017

EU competition regulators approved on Friday three French schemes to produce some 2,660 megawatts in renewable energy, saying that the projects were in line with the bloc’s energy goals.

Two of the projects, which focus on solar installations, have a total budget of 8.8 billion euros over 20 years while that for the third, a hydropower scheme, is estimated at 500 million euros over 20 years.

“These French initiatives will stimulate a greater use of renewable energy sources and provide legal certainty to the sector, while limiting the use of state support to the minimum,” European Competition Commissioner Margrethe Vestager said in a statement.

Full Content: Reuters

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