Offshore wind turbine foundations under construction in France
French offshore wind pact calls for $44bn investment
Government and industry agree to target 18GW of operating capacity by 2035 as new Mediterranean floating project tender goes live
The French government and the country’s renewables industry have agreed an “offshore wind pact” that calls for the commissioning of 18GW of capacity by 2035 and €40bn ($44bn) of investment in the sector over the next 15 years. The pact, signed by the government and the country’s two largest renewable energy industry associations, calls for the tendering of at least 2GW/yr of offshore wind capacity from 2025 and the allocation of 20GW of development rights by 2030. The deal reiterates a target of 40GW of capacity by 2050, which was set last month by President Emmanuel Macron. Macron has made ambitious commitments to expand renewable energy and the associated supply chain in France as part of
Also in this section
12 November 2024
Standards have been agreed for a mechanism under Article 6.4 of the Paris Agreement to trade carbon credits internationally
8 November 2024
The energy sector will need all viable technologies to meet surging demand as AI and datacentres drain power grids
31 October 2024
Russia still aspires to become a major supplier of hydrogen, CO₂ storage capacity and carbon credits, despite financial constraints and the loss of Western technology and expertise
30 October 2024
Occidental subsidiary signs agreement with Enterprise Products Partners for pipelines and transport services for Bluebonnet hub
