Green Power Still Tied Up With Red Tape in Macron’s France
- Enel, EON and Innogy have no plans to enter French market
- Engie considering activity increase if rules are changed
Solar panels stand at the Ivanpah Solar Electric Generating System in the Mojave Desert near Primm, Nevada, U.S., on Monday, March 10, 2014. The 392-megawatt California Ivanpah plant developed by Google, NRG and Bright Source, which began operating in February, brings utility-scale solar to more than 5.5 gigawatts, up 1,089% since 2010.
Photographer: Jacob Kepler/BloombergSome eighty days into Emmanuel Macron’s new job, Europe’s biggest renewable energy companies are still waiting for the French president to make good on campaign pledges to boost green power.
To meet French goals of doubling onshore wind and tripling solar power by 2023, Macron’s government still needs to show it can support investments by helping developers cut through the country’s bureaucratic red tape. Companies including Italy’s Enel SpA, Germany’s EON SE and Innogy SE remain reluctant to develop renewables in Europe’s third-biggest economy.