EU Commission approves €600 million in public support for innovative solar power installations in France
The European Commission has approved under EU State aid rules a measure to support innovative installations for electricity production from solar energy. The measure will further support the EU’s energy and climate objectives without unduly distorting competition in the Single Market. Commissioner Margrethe Vestager, in charge of competition policy, said: “Our future will be powered by renewable energy. The French initiative the Commission is approving today will encourage investment in innovative solar installations.
It will contribute to France’s transition to low carbon, environmentally sustainable energy supply, in line with the EU environmental objectives and our state aid rules.” The measure is designed to encourage the production of renewable electricity from innovative solar installations in France. The scheme has an indicative budget of €600 million and is financed from the French State budget. It will support the deployment of 350 megawatts of additional generation capacity.
The support is available for innovative solar installations (at ground level or on buildings), with a capacity between 100 kilowatts and 5 megawatts. The beneficiaries will be selected through tenders organised until 2019. The selected installations will receive support in the form of a feed-in tariff (i.e., a guaranteed price) or of a premium on top of the market price (so-called “complément de rémunération”) for a period of 20 years.