State-owned utility company China General Nuclear Power (CGN), has announced a €1bn investment to produce solar energy in France, through a partnership with Inovia Concept Development, a small Bordeaux-based company that provides photovoltaic panels for farm sheds. “France is a very safe country for investments, the feed-in tariff for solar electricity is very stable,” CEO Wei Lu said. The French government is also investing €100m into the development of renewable energy, including wind and solar, as part of its plan to cut greenhouse gas emissions by 50% from 1990 levels by 2030. Wei Lu, CEO of CNG said "France is a very safe country for investments, the feed-in tariff for solar electricity is very stable." In October we reported CGN partnered with EDF to construct the most expensive power plant ever built, costing £18bn, which will provide 3.2GW of power to the UK by 2025.
State-owned utility company China General Nuclear Power (CGN), has announced a €1bn investment to produce solar energy in France, through a partnership with Inovia Concept Development, a small Bordeaux-based company that provides photovoltaic panels for farm sheds. The French government is also investing €100m into the development of renewable energy, including wind and solar, as part of its plan to cut greenhouse gas emissions by 50% from 1990 levels by 2030. Wei Lu, CEO of CNG said "France is a very safe country for investments, the feed-in tariff for solar electricity is very stable." In October we reported CGN partnered with EDF to construct the most expensive power plant ever built, costing £18bn, which will provide 3.2GW of power to the UK by 2025.