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The Government announces ’emergency’ regulatory measures for renewables

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Several renewable energy production projects are currently threatened by rising construction costs.

The Minister for the Energy Transition, Agnès Pannier-Runacher, announced this Thursday a first package of “emergency” regulatory measures to accelerate the development of renewable energies, given the increase in the cost of construction materials.

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Several renewable energy production projects are currently threatened by rising construction costs, which “are no longer covered by the purchase price of electricity or biomethane guaranteed by the State,” the ministry specified in a statement. press. This is 6 to 7 GW for solar projects and 5 to 6 GW for wind power.

The first measures, which will be published in the Official Gazette in the coming days, should allow projects to be unblocked or accelerate some of them before winter, a period of anticipated tensions in energy supply due to the consequences of the war in Ukraine. .

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Other measures planned for the end of summer

The first will allow rapidly completed projects to sell their electricity at high market prices for 18 months before the contracts concluded under the auctions take effect. This should make it possible to offset the additional costs, the ministry said.

A second measure should allow the indexation of the price of resold energy, in such a way that it better reflects the increase in costs of future projects subject to tariff windows, while a third should freeze the rate reduction initially planned for photovoltaic in buildings.

Finally, projects that have responded to tenders will be able to increase their capacity by 40% without justification before starting up, while biomethane production facility projects will benefit from additional time to deal with difficulties related to the health crisis and supply problems.

Other regulatory measures for renewable electricity or gas are expected by the end of the summer, in addition to a broader law to accelerate the deployment of renewable energy.

Author: HG with AFP
Source: BFM TV

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