Eric Scotto

Nuclear Power's Green Financing Milestone: EDF Secures €5.8 Billion for Plant Upgrades Key Points: ·      €5.8 billion in green financing: EDF has secured significant funding to support the life extension of its nuclear power plants. ·      Alignment with EU taxonomy: The financing demonstrates the growing market for nuclear investments that meet the EU's green standards. ·      Safety-focused upgrades: The funds will support crucial safety improvements in response to the Fukushima-Daiichi accident. ·      Controversy and potential: While nuclear power's green classification is debated, EDF's deal highlights its potential role in a low-carbon future with the right frameworks in place. In a significant development for the future of nuclear energy, French utility company EDF has obtained €5.8 billion in green loans to fund the life extension of its nuclear power plants across France. This financing, arranged with major banks including BNP Paribas and Société Générale, underscores the growing financial market for nuclear investments aligned with the EU's green taxonomy. The funds will support EDF's "Grand Carénage" program, launched in 2011, which aims to spend €55 billion by 2025 on upgrading its plants to improve performance and enable continued operation beyond 40 years. The program includes crucial safety upgrades in response to the Fukushima-Daiichi accident. While the green classification of nuclear power remains controversial, EDF's successful securing of green loans demonstrates that with the right financing and regulatory frameworks, nuclear could play a larger part in Europe's low-carbon future. As the energy transition accelerates, the role of nuclear power will undoubtedly remain a point of contention. However, EDF's deal serves as a powerful signal of the potential for nuclear to contribute to our shared climate goals when paired with stringent safety standards and responsible waste management. Read more: https://lnkd.in/gWXhWdGZ https://lnkd.in/eb8mpp2E Questions for Discussion: How do you think nuclear power should be balanced in our transition to a low-carbon economy? What conditions should be in place for nuclear to be considered a "green" investment? Let's discuss in the comments!

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Interested in our insights into #Belgian #PowerMarkets? Augustin Levassort has shared his most recent analysis on how a reduced availability of French interconnectors could influence power prices in the region 👇

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FRANCE AWARDS FIRST COMMERCIAL FLOATING WIND FARM PROJECT A consortium between Elicio and BayWa r.e. Global has won a tender to build France's first large-scale commercial floating offshore wind farm. The 230-270 MW Pennavel project off the coast of Lorient, Brittany is expected to generate around 30% of the region's current renewable electricity supply, and will power over 450,000 homes annually once operational. Pennavel will be France’s first large-scale commercial floating offshore wind project and is claimed to be the first commercial floating wind farm to be awarded a long-term Contract for Difference (CfD). The project secured a grid connection from French transmission operator RTE. The floating wind farm aims to support the French government’s ambitious goal to commission around 50 offshore wind farms by 2050 and realise 45 GW of power. ⚡ Follow MPS (Modern Power Systems) for all the latest news daily from the global power generation industry ⚡ #MPS #power #energy #powergeneration #windenergy #renewableenergy

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🚀 Energy Evolution in France: The Path Forward with 6 or 14 EPRs? 🚀 As we navigate the complexities of energy production and sustainability, France stands at a pivotal crossroads. The question of whether to build six or 14 new European Pressurized Reactors (EPRs) is more than just a matter of numbers—it's a decision that will shape our energy future. For Minister of Economy, Bruno Le Maire, the direction is clear. While acknowledging the immense need for investment in France's electricity production capacity—aiming for 30 new conventional reactors by 2050 to keep our fleet viable amidst the aging infrastructure—he emphasises the importance of realism. Read more: https://lnkd.in/ev-kEYbC 🌍 Why This Matters: · Sustainability: As we transition to greener energy, EPRs represent a significant step towards reducing our carbon footprint. · Reliability: With many power plants nearing the end of their lifecycle, new reactors ensure a stable energy supply. · Economic Impact: Investing in new reactors will spur economic growth, create jobs, and position France as a leader in energy innovation. 🔍 Key Considerations: · Cost and Feasibility: Balancing ambitious goals with practical budgetary constraints. · Technological Advancements: Leveraging the latest innovations to enhance efficiency and safety. · Environmental Responsibility: Ensuring that new developments align with our commitment to sustainability. France's energy strategy is at a critical juncture. The decisions we make today will resonate for decades to come, impacting France's economy, environment, and global standing. It's a time for bold yet realistic planning, guided by both ambition and pragmatism. 💬 Join the Conversation: What are your thoughts on France's approach to expanding its EPR fleet? How can we balance ambition with realism in our energy policies? Share your insights and let's drive a constructive dialogue on our energy future! #Energy #Sustainability #Innovation #France #EPR #BrunoLeMaire #NuclearEnergy #FutureOfEnergy

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FRANCE ACCELERATES OFFSHORE WIND WITH €4.5B GRID INVESTMENT French electricity transmission system operator Réseau de Transport d'Électricité has signed a €4.5 billion ($4.8 billion) contract with a consortium consisting of Chantiers de l'Atlantique and Hitachi Energy to supply power platforms and converter stations for two offshore wind farms to be built in France. The agreement covers the construction of three offshore direct current platforms and three onshore converter stations to connect the Centre Manche 1 and 2 offshore wind farms and the Oléron Island offshore wind farm to the national grid. The use of high-voltage direct current (HVDC) technology will enable the integration of over 3.5 GW of renewable energy, reflecting the growing scale and distance of offshore wind projects. This contract demonstrates France's commitment to accelerating offshore wind development as part of its path to carbon neutrality by 2050. ⚡ Follow MPS (Modern Power Systems) for all the latest news daily from the global power generation industry ⚡ #MPS #power #energy #powergeneration #windenergy #hvdc #energytransition

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🌟 A Legacy of Solar Innovation in France!🌞 French association Hespul, pioneers of photovoltaic (PV) energy, has revealed exciting updates on their journey from installing France's first grid-connected PV plant in 1992 to their latest endeavours. Key Highlights: 1️⃣ Historical Milestone: Hespul set up the Phébus 1 power plant in Ain in 1992, marking the beginning of PV energy in France. 2️⃣ Recent Developments: Last year, around 10 m² of panels (about 1 kW) were dismantled for testing. 3️⃣ Rigorous Testing: These panels underwent a series of tests in controlled conditions to measure their maximum instantaneous power compared to factory measurements. 4️⃣ Collaborative Effort: This project was made possible through the support of Certisolis (certification body) and Isowatt (solar specialist), showcasing the power of collaboration in advancing solar technology. Hespul’s dedication to promoting photovoltaics has been a beacon of innovation and sustainability in France. Their latest tests reaffirm the enduring potential and reliability of solar panels even decades after installation. 🔗 Read more: https://lnkd.in/dU6S_8yD #RenewableEnergy #SolarPower #GreenTech #Sustainability

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𝗛𝗼𝘄 𝗰𝗮𝗻 𝗖𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲 𝗣𝗼𝘄𝗲𝗿 𝗣𝘂𝗿𝗰𝗵𝗮𝘀𝗲 𝗔𝗴𝗿𝗲𝗲𝗺𝗲𝗻𝘁𝘀 𝗿𝗲𝘃𝗶𝘁𝗮𝗹𝗶𝘇𝗲 𝘁𝗵𝗲 𝗘𝘂𝗿𝗼𝗽𝗲𝗮𝗻 𝗲𝗹𝗲𝗰𝘁𝗿𝗶𝗰𝗶𝘁𝘆 𝗺𝗮𝗿𝗸𝗲𝘁? illuminem Voice, Jean-Baptiste Vaujour, an energy economist and professor, explores how Corporate Power Purchase Agreements (CPPAs) are pivotal for the EU's electricity market reform. By offering long-term contracts between power producers and corporate consumers, CPPAs help stabilize prices and support renewable energy financing despite their complexity. 𝗞𝗲𝘆 𝗣𝗼𝗶𝗻𝘁𝘀: 📉 Mitigate market and volume risks 📊 Stabilize electricity prices 🌿 Support renewable energy financing 📈 Overcome traditional market limitations Read the full article: https://lnkd.in/ek5tkD8f Stay informed with our newsletter: https://lnkd.in/dTdMp9j #Sustainability #Energy #RenewableEnergy #ElectricityMarket #CPPAs #JeanBaptisteVaujour

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[#CSR] 📘Discover our 5th CSR Report! At Heppner, CSR and #energytransition are at the heart of our strategy, deployed in all the territories where we operate ♻️. This new report illustrates our ongoing commitment to responsible and #sustainable growth, outlining our past successes and our ambitions for the future. 🌍🌱 We are committed to an energy and ecological transition, supporting the men and women in our company, while contributing to a more sustainable society. 🚀 👇 Discover our CSR report here: https://lnkd.in/esRK6nUr

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[#analysis] Doubling the #energyefficiency rate by 2030 Among the outcomes of #COP28 (December 2023), the Final Agreement on the Global Stocktake calls for parties to triple the capacity of #renewableenergy globally and to double the global average annual rate of improvement in energy efficiency by 2030. Consequently, over 120 countries have committed in the Global Renewables and Energy Efficiency Pledge, a non-binding agreement, to tripling global renewable energy capacity to 11,000 GW by 2030 and doubling the annual rate of energy efficiency until 2030, from 2% to 4%. What are the challenges ahead? Over the 2010-2020 period, the global #energyintensity (measured in constant US$ and at purchasing power parities) dipped by an average 1.8%/year. Enerdata’s EnerFuture scenarios anticipate a downward trend through 2030, with energy intensity declining by 2.3%/year under the EnerBlue scenario (including already announced commitments) and by 3.1%/year under the EnerGreen scenario (ambitious climate policies). Additional commitments will be required to double energy efficiency improvements to 4%/year by 2030. The EU, with a 2.3%/year drop in energy intensity between 2010 and 2020, seems more on track to reach the target: over the 2020-2030 period, its energy intensity is expected to decrease by 3.7%/year under the EnerBlue scenario and by up to 4.3%/year under the EnerGreen scenario. Under the EU’s new Energy Efficiency Directive (2023), Member States will have to almost double their average annual rate of energy savings by 2030. More insights 👉 https://lnkd.in/eUJtcqhe

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Research by Kiane de Kleijne suggests that #greenhydrogen may not always lead to CO2 gains, but can reduce emissions if produced from #cleanelectricity and locally-- https://shorturl.at/ifY4G #HydrogenNow #CleanEnergy #H2 #Decarbonise #ZeroEmissions Eindhoven University of Technology

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[𝗡𝗘𝗪 𝗘𝗗𝗜𝗧𝗜𝗢𝗡 📖] The April issue of #pvmagazine! In this edition, we share first-hand accounts of the challenges community acceptance can pose to renewable energy projects, and we look at growth in community solar models both as an antidote to this and a novel way to deliver clean energy direct to consumers. We also highlight impressive progress for solar in Egypt, and look at how countries in Central Asia are beginning to realize their PV potential. 𝗔𝗻𝗱 𝘁𝗵𝗮𝘁'𝘀 𝗻𝗼𝘁 𝗮𝗹𝗹: 𝘁𝗵𝗲 𝗔𝗽𝗿𝗶𝗹 𝗺𝗮𝗴𝗮𝘇𝗶𝗻𝗲 𝗶𝘀 𝗽𝗮𝗰𝗸𝗲𝗱 𝘄𝗶𝘁𝗵 𝗰𝘂𝘁𝘁𝗶𝗻𝗴-𝗲𝗱𝗴𝗲 𝗻𝗲𝘄𝘀 𝗮𝗻𝗱 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀, 𝗶𝗻𝗰𝗹𝘂𝗱𝗶𝗻𝗴 👇 ⚡️ 𝗧𝗶𝗺𝗲𝘁𝗼𝗳𝗼𝗿𝗺, 𝗻𝗼𝘁𝗳𝗼𝗹𝗹𝗼𝘄: Grid forming inverters can play an important role in grid stability. 💰 𝗜𝗻𝗱𝗶𝗮'𝘀 $𝟵𝗯𝗶𝗹𝗹𝗶𝗼𝗻𝘀𝗼𝗹𝗮𝗿𝗿𝗼𝗼𝗳𝘁𝗼𝗽𝗿𝗲𝘃𝗼𝗹𝘂𝘁𝗶𝗼𝗻: India has set ambitious targets for rooftop PV, but installations are well behind and questions linger over implementation. 💧 𝗔 𝗠𝗲𝗱𝗶𝘁𝗲𝗿𝗿𝗮𝗻𝗲𝗮𝗻𝗦𝘂𝗽𝗲𝗿𝗴𝗿𝗶𝗱: Greece is at the center of an ambitious interconnection proposal that stretches from Saudi Arabia to southern Germany. 🌞 𝗙𝗿𝗲𝗻𝗰𝗵𝗿𝗲𝘀𝗶𝗹𝗶𝗲𝗻𝗰𝗲: Two planned gigafactories could add 10 GW of module capacity by 2027, but French manufacturers warn that political support is essential for future success. As always, the April issue of 2024 is filled with expert columnists who tackle the past month's hottest issues and offer their take on the latest trends in technology and pricing. Get your April issue now! 👉https://lnkd.in/dCT4zuVX pv magazine Global is available in both print and digital formats. 📰💻 #RenewableEnergy #Sustainability #CleanEnergy #pvmagazine

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In the face of evolving energy dynamics, France's unique mix of nuclear and renewable sources is driving negative power prices.⚡️ Despite recent setbacks in nuclear production due to corrosion issues, the sector is on a recovery path. Meanwhile, significant growth in solar and wind capacities—rising to 47GW and 44GW respectively by 2030—enhances France's export capabilities and contributes to a more decarbonized European grid. 🌞💨 As these trends continue, France is poised to balance rising demands with sustainable energy supply, ensuring robust export potential and maintaining low CO2 emissions amidst shifting market conditions. 🌍🔋 Link to Clément Bouilloux's latest blog in the comments section. #energymarkets #negativeprices #energyprices #nuclear #solargeneration

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Out now! Our April Newsletter is ready! In this edition, we focus on the EU debate over the future of the #energytransition. We will also deep-dive into the attempts to reconcile the #climate ambitions set in the past five years with the rediscovered need to promote a more competitive #European #economy. Check it out 👇

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France may lower FIT threshold for rooftop PV from 500 kW to 100 kW: The French authorities might be poised to lower the feed-in tariff (FIT) threshold for rooftop PV from 500 kW to 100 kW. France’s Direction générale de l'énergie et du climat (DGEC) says the proposed measure is designed to reduce the expense of the FIT scheme, despite opposition from trade groups such as Enerplan and SER. #Renewables #Energy #Technology

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Hurry! Time is running out to secure your spot at tomorrow’s workshop, "Accelerating the European District Heating Rollout: Unlocking the Potential of Financial Markets," organized by the REWARDHeat project. Join us from 14:00 to 17:30 at EDF European Affairs for a moment of insightful discussions and networking opportunities. The event will bring together renowned experts in the field of district heating to discuss how financial markets can and should play a crucial role in accelerating the rollout of district heating systems across Europe. 👉🏽 Register now before it's too late: https://lnkd.in/eAibHNka #DistrictHeating #Sustainability #REWARDHeat #EuropeanAffairs"

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The Eurelectric team visited ENGIE's Coo pumped storage hydropower station, the biggest battery in Belgium! ⚡ The Coo station is a crucial flexibility asset to compensate for the intermittency of renewables and to balance the Belgian grid. During times of low demand for electricity, the water is pumped to the upper reservoirs. During peak periods, the water is poured into the lower reservoir via the machine room housing the turbines and generators that generate the electricity. In this way, the water is circulated between the reservoirs without impacting natural water bodies. Did you know? When the turbines are running at maximum power (more than 1 GW), the water flow is 500m3 per second 💧 ❗ That's enough to empty an Olympic swimming pool in 5 seconds! A big thank you to the ENGIE Belgium team for hosting us, in particular to Marc Locht, Maurice Rasier, Corinna Grajetzky, Tine Bax and Yvan Hachez for showing us the power plant and explaining its functioning! Learn more about how hydropower can help Europe to achieve the goals of the #GreenDeal: https://lnkd.in/exihnXM2.. Paul Etienne Verheven | Mathilde Catrycke | Marie Claerbout | Kristian Ruby | Cillian O'Donoghue | Marianne Karu | Gael Glorieux | Emily O'Leary | Kris Van den Zegel | Paul Wilczek | Charlotte RENAUD | Savannah Altvater | Giuseppina Rondinelli (Assoc CIPD) #hydropower #energy #electricity #electrification #decarbonisation

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What’s going on in France? 🧐 Once again, France has become a target country for the global renewable market. During last years, France has been involved in the upgrade of its grid code and Clients keep asking us about the latest requirements.   Although manufacturers keep thinking the Arrêté du 23 avril 2008 is still valid, the latest version of the standard was published in June 2020: “Arrêté du 9 juin 2020 relatif aux prescriptions techniques de conception et de fonctionnement pour le raccordement aux réseaux d’électricité. 4 août 2020+A1:2021” adapting the requirements to the publication from 2008 of version Arrêté du 23 avril 2008 with some of the following changes: 🔸 LVRT. Voltage depth is higher and reactive current injection is required in the new standard. 🔸 Operation field. Some parameters change from the previous version. 🔸 Reconnection. Some parameters change from the previous version   #France #GridCode #GenerationUnits #standards #testing #certification

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Societe Generale announces the signing of a 20-year Power Purchase Agreement (#PPA) with the French producer JP Energie Environnement (JPee), enabling the creation of a #photovoltaic power plant in #France. This initiative is part of the ambition shared by both companies to accelerate the development of new #greenenergy production capacities in support of the #energytransition. https://lnkd.in/eNbhgFD5 #renewables #solarenergy #pv #solar

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