France's Energy Strategy: New Priorities and Renewable Energy Goals by 2035
The French government has released its third multi-year energy program, focusing on energy sovereignty, carbon neutrality, and price competitiveness. It includes plans for six EPR2 reactors by 2038, 15 GW of offshore wind, and up to 80 GW of solar power by 2035. The strategy indicates a shift towards renewable energy while aiming to maintain nuclear energy as a key component. Targets for installed wind and solar capacity have been lowered from initial projections, reflecting financial concerns regarding EDF. The program aims to significantly increase decarbonized electricity production while reducing fossil fuel consumption by 2035.
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France's third multi-year energy program emphasizes energy sovereignty, carbon neutrality, and price competitiveness. It plans to construct six EPR2 reactors by 2038 and achieve 15 GW of offshore wind and 55-80 GW of solar power by 2035.
The strategy acknowledges the need for both nuclear and renewable energy, while revised targets for wind and solar have been lowered from earlier estimates. EDF faces financial challenges, needing to invest approximately €460 billion by 2040. The program aims to increase decarbonized electricity production to 650-693 TWh by 2035 and reduce fossil fuel consumption to around 330 TWh.
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