The French government has cut the subsidies on six long-delayed offshore wind projects by 40 percent after previously promising a fixed tariff of about €200 ($232) per MWh for 20 years. The 3 GW of projects were awarded in 2012-14 but were delayed amid public opposition as the cost of offshore wind plummeted. French energy regulator CRE has said the projects would cost the government €41bn in subsidies. Environment Minister Nicolas Hulot also said via Twitter that the projects’ tariffs would be cut to about €150 per MW.
The French government has cut the subsidies on six long-delayed offshore wind projects by 40% after previously promising a fixed tariff of about €200 ($232) per MWh for 20 years. The 3 GW of projects were awarded in 2012-14 but were delayed amid public opposition as the cost of offshore wind plummeted. French energy regulator CRE has said the projects would cost the government €41bn in subsidies. Environment Minister Nicolas Hulot also said via Twitter that the projects’ tariffs would be cut to about €150 per MW.