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France’s offshore wind boom offers hope for gas players
Increasing investor appetite for offshore wind, coupled with the phase-out of coal and retirement of older nuclear plants, could leave more room for gas in the French power mix Increasing investor appetite for offshore wind, coupled with the phase-out of coal and retirement of older nuclear plants, could leave more room for gas in the French power mix.
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France has increased its projections for offshore wind energy following a successful auction earlier this month for a proposed project off Dunkirk.
The French government now wants to add 1 GW of offshore wind projects per year – around double the previous target – which will coincide with closures of the country’s coal-fired plants by 2022 and older nuclear plants between now and 2035. That means gas – which currently has only a 10% share in France’s electricity production – could increase its market share,...
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