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The EU's competition regulator on Monday approved a state aid worth 200 million euros to support France in developing renewable energy generation
for self-consumption by 2020.
The European Commission said the French government's support plan would help add 490 megawatts of new capacity and could be used for smaller installations
.
It said the selected units would be charged
a premium at the market price over 10 years.
Margrethe Vestager, an official with the EU's competition regulator, said: "The plan will stimulate competition among renewable energy suppliers and will further increase the share of
renewables in France's energy mix.
" ”
The EU's competition regulator on Monday approved a state aid worth 200 million euros to support France in developing renewable energy generation
for self-consumption by 2020.
The European Commission said the French government's support plan would help add 490 megawatts of new capacity and could be used for smaller installations
.
It said the selected units would be charged
a premium at the market price over 10 years.
Margrethe Vestager, an official with the EU's competition regulator, said: "The plan will stimulate competition among renewable energy suppliers and will further increase the share of
renewables in France's energy mix.
" ”
