European Commission Provides Funding for French Offshore Windfarms

NEW DELHI--January 8, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--The European Commission (EC) approved the release of US$4.4 billion to support the rollout of offshore wind energy in France. This allocation, sanctioned under the State Aid Temporary Crisis and Transition framework, aims to hasten France's transition to greener energy sources. The funds are earmarked for the development and operation of two floating offshore windfarms situated in the Golfe du Lion of the Mediterranean Sea.