France will have to pay several hundred million euros for not having achieved its objectives

The bill is severe. For not having achieved its European objectives in terms of renewable energies in 2020, which it had set itself ten years earlier, the French State will have to pay several hundred million euros. “France is costing it 500 million euros this year for not having made its development of renewable energies”, explained the Minister of Energy Transition to deputies on Monday, November 21, as reported by the daily Release. Agnès Pannier-Runacher was heard by the Economic Affairs and Sustainable Development Committees as part of the examination of the so-called “acceleration of renewable energies” bill.

France is the only country, among the twenty-seven members of the European Union (EU), to have missed its target two years ago: renewable energies represented only 19.1% of its final gross energy consumption, well below the expected 23%. This objective being binding, France must now buy from “good students” countries, which have exceeded their target, “statistical volumes” of renewable energies through a European mechanism. “We are in negotiations to buy statistical megawatts from Italy and Sweden”, detailed Agnès Pannier-Runacher. Tuesday, his entourage specified that, if the final amount would be good “in the order of a few hundred million euros”it had not been decided, as discussions with other Member States were still in progress.

A “very damaging delay”

If the declaration had then gone unnoticed, Agnès Pannier-Runacher had already mentioned a sum of 500 million euros at the end of September, during a symposium of the Union of Renewable Energies (SER). “If we had reached our targets in 2020, we would now have an additional volume of renewables of 64 TWh [térawatts-heure]which corresponds to 20% of industrial consumption, recalls today its general delegate, Alexandre Roesch. This delay is very damaging for the finances of the State but also for the security of supply at the approach of winter. »

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While the risk of tension on the electricity grid will be high in January, France is still not on track to meet the renewable energy deployment targets set by its energy roadmap, the multiannual energy program ( EPP). Regarding onshore wind power, between 1.2 and 1.3 gigawatts (GW) of new capacity will have been installed in 2022, against a target of 1.9 GW. “Since 2020, the targets have never been reached and the cumulative delay over the past three years is around 2 GW”, explains Michel Gioria, General Delegate of France Energie éolienne (FEE). The current PPE provides for 24 GW of installed capacity in 2023, while France has around 20.3 GW today.

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