French renewable energy sector says far-right victory risks trouble for industry
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 12 2024
0mins
Source: reuters
- French Renewable Energy Sector: Faces potential slowdown in wind and solar projects if far-right party wins upcoming elections, impacting industry growth.
- Political Impact on Energy Policies: Possibility of Marine Le Pen's National Rally party taking power leading to the end of renewable subsidies and focus on nuclear, hydropower, and hydrogen investments.
- Economic Consequences: Shares in Engie, France's largest wind farm operator, dropped 6.1% post-election announcement, affecting market value.
- Renewable Energy Targets: France lags behind European Commission targets for renewable energy capacity, with plans to double solar installations and expand wind farms now delayed due to elections.
- Energy Demand Concerns: Slower renewables rollout could affect France's ability to meet energy demand before new nuclear reactors are built, impacting the country's energy system and competitiveness.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
