As part of its "energy transition plan," the French Government has set an ambitious target for its ocean energy initiative, planning to install 100MW of tidal, wave and floating wind capacity, and award tenders for an additional 200MW to 2GW over the next seven years. The plan is based on a combination of renewable energy, offshore wind, tidal power and biomass, with the aim of reducing France's dependence on fossil fuels by 2050.
As part of its "energy transition plan," the French Government has set an ambitious target for its ocean energy initiative, planning to install 100MW of tidal, wave and floating wind capacity, and award tenders for an additional 200MW to 2GW over the next seven years. The decisive focus on the ocean energy market is seen as a welcome indication of the short- and medium-term prospects for the industry for investors and operators alike.