We have upwardly revised our forecast for non-hydropower renewables growth over the next decade - on the back of the government integrating more ambitious ---- targets for wind and solar power. We expect wind power capacity to almost double over the next decade, and solar power capacity to almost triple. ...We expect wind power capacity to almost double over the next decade, and solar power capacity to almost triple. A --.-GW capacity cap on nuclear power in line with the Energy Transition Bill that was passed in the lower and the upper house in July ---- (and formally adopted into law on July -- ----) coupled with the decline in thermal-fired power generation - with coal capacity being phased-down due to stringent carbon emissions requirements - mean that renewables will play an important role in the French power mix over the next decade. This will in part also be driven by French aims to sustain robust electricity exports. ...The cable will be replacing the EDF-, which was installed in ---- but failed to operate properly. The Normandie - cable is expected to be operational by the start of ----.
...A joint venture (JV) has been set up between Amec Foster Wheeler, Assystem and Kepco E&C to act as the construction management-as-agent contractor for the International Thermonuclear Experimental Reactor (ITER). The Momentum JV will operate under a ---year contract worth EUR---mn with option of extending for a further three years. ...The Momentum JV will operate under a ---year contract worth EUR---mn with option of extending for a further three years. We do not currently factor the ITER into our forecasts due to constant delays and high cost overruns, and we note that if the reactor should come online it will be outside of our ---year forecast period. EDF will reportedly receive EUR---mn from the French government in compensation for closing the Fessenheim nuclear power plant, almost four times the initial offered price. ...We have revised our hydropower forecasts to indicate that we no longer expect hydropower to contract.
...BMI View: Non-hydropower renewable electricity will be the fastest growing power source in France over our ---year forecast period, owing to stringent emission targets and government efforts to increase investment into the sector. Overall power generation will continue to be dominated by nuclear power, while gas-fired generation will be the only viable form of thermal power as coal-fired power plants are set to be taxed on emissions from ----. ...BMI View: Non-hydropower renewable electricity will be the fastest growing power source in France over our ---year forecast period, owing to stringent emission targets and government efforts to increase investment into the sector. Overall power generation will continue to be dominated by nuclear power, while gas-fired generation will be the only viable form of thermal power as coal-fired power plants are set to be taxed on emissions from ----. ...
