France plans to boost photovoltaic and wind capacity

France plans to triple its onshore wind power capacity by 2030 and multiply by five its solar power generation, enabling it to boost the share of renewables in its energy mix to 40 percent, according to news agency »Reuters«. The government would increase spending on renewables development to €8 billion ($9.05 billion) annually from 5 billion to take total spending to €71 billion between 2019 to 2028. Furthermore, the government would make sure power prices from renewables projects are kept low for consumers while developing more power interconnectors with European neighbors so as to always benefit from the least-cost power, says the article.
As reported, France will miss the energy target of 10.2 GW photovoltaic installations by the end of the year.

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