Europe Greenlights US$11.6 Billion Worth of Aid for French Offshore Wind

NEW DELHI--July 18, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--The European Commission has approved a substantial aid package of €10.82 billion (US$11.6 billion) to support the development of two offshore wind farms in France. This financial backing will fund the construction and operation of a wind farm in the South Atlantic zone with a capacity of 1-1.2 gigawatts (GW), which is expected to generate at least 3.9 terawatt-hours (TWh) of renewable electricity annually.