France Opens Tenders for 10GW of Offshore Wind Projects
The French energy ministry announced that it will open on Friday the long-awaited tenders for 10 gigawatts worth of offshore wind project, mainly located on France's westcoast.Some companies have scrapped their offshore wind development plans due to rising costs in some countries and political opposition, including that of the Trump administration.The new projects will significantly increase France's capacity for offshore wind, which it aims to grow from under 2GW to 15GW in 2035.
France Slashes Renewable Energy Targets in New Law
France set out a new energy law after years of wrangling on Thursday which slashes its wind and solar power targets and drops a mandate for state-run firm EDF to shutter nuclear plants."We need to stop our internal family squabbling. We need both nuclear and renewables," finance minister Roland Lescure told reporters.The law, to be pushed through by decree on Friday after almost three years of bitter disagreement among lawmakers…
French LNG Supply Still Disrupted by Strike
Workers at French LNG terminals will continue to block ships from discharging until their salary demands are met, two representatives with the CGT union said on Friday.The blockade at three out of four of the country's terminals has reduced gas outflows from one of Europe's top gas buyers and lifted prices this week.LNG terminal operator Elengy has invoked force majeure at its three sites in France…
Most G7 Members Ready to Lower Russian Oil Price Cap Despite US Engagement
Most countries in the Group of Seven nations are prepared to go it alone and lower the G7 price cap on Russian oil even if U.S. President Donald Trump decides to opt out, four sources familiar with the matter said.G7 country leaders are due to meet on June 15-17 in Canada where they will discuss the price cap first agreed in late 2022. The cap was designed to allow Russian oil URL-E to be sold…