2014-02-07 18:14:05 - France Power Report Q1 2014 - a new market research report on companiesandmarkets.com
The government is taking steps to reduce France´s dependence upon nuclear power, and by end-2014, it is expected to adopt a law to determine how to do this. This follows on from President Hollande´s electoral promise to curb the use of nuclear power. But non-government bodies, such as the Renewable Energy Syndicate, believe that the government is not moving fast enough to meet its target - that 50% of electricity is generated by non-nuclear sources in 2020. So what are the alternatives to nuclear power? Investors are turning away from gas - hydraulic fracturing for shale gas is off the agenda, and problems with LNG supply from Algeria in late 2013, and rising coal imports limit the opportunities here.
not renewable energy can take advantage of the opportunities for investment remains to be seen.
Analysts estimate that French power generation in 2012 climbed to 538.7 terawatt hours (TWh), representing year-on-year (y-o-y) growth of 1.5%. Overall thermal generation climbed by an estimated 0.7% y-oy, while hydroelectric generation is estimated to have increased by 13.6%. Analysts estimate that the use of non-hydro renewables grew by 7.1% in 2012.
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