France sets aside €7 billion for renewables

Edouard Philippe (Photo: twitter/EPhilippePM)

The French government plans to invest €7 billion in the next five years to grow its renewable energy sector.

The planned investment, announced by the French Prime Minister Edouard Philippe, is part of a larger €57 billion investment plan for France that will run from 2018-2022.

With the funding allocated for energy transition in the amount of €20 billion, the French government plans to grow its renewable energy sources by 70%.

The investment plan for renewables, unveiled on September 25, 2017, will support research and innovation related to climate change mitigation, and accelerate the country’s green transition, as well as develop new energy sources, the French government said.

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