Renewable energy investment unveiled in France

13 Aug 2010
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Solar energy could be boosted by French government investment

Renewable energy looks set to be boosted in France after the government in the country announced a stimulus package of investment for the sector.

The scheme has been labelled "demonstrateurs energies renouvelables et chimie verte" - which literally translated means renewable energy and green chemistry demonstration.

According to Business Green, Nicolas Sarkozy and his team will invest €1.35 billion (£1.1 billion) over the next four years into renewable energy.

It added that solar energy could be one area the government looks towards to create more renewable energy in the country.

France has previously concentrated on wind energy and nuclear power in an attempt to boost its renewable energy production.

The French Environment and Energy Management Agency has stated that it is now inviting applications from firms that want access to the available funding.

France and other countries in the European Union need to cut their carbon emissions by at least 20 per cent by 2020.

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