The Renewable Energy Law Review: France – The Law Reviews, 2021

 

Introduction

France is on track to set up and implement its decarbonisation framework. It benefits from decarbonised electricity, the energy-generating mix being made up of nuclear power and renewable sources as well as fossil fuels.

Hydropower is predominant historically and constitutes the main source of renewable energy for electricity in France, with over 25GW installed and 50 per cent of renewable production capacity, while wind and solar energy development is important and represents more than 42 per cent of renewable production capacity, which drove the share of renewables in electricity generation to over 23 per cent in 2020.

Projections show wind power will overtake hydroelectricity in France by 2030, with over 43 per cent of the total energy mix.

Its growing contribution to the French energy mix is expected to be more significant with the first offshore wind projects taking off in Fécamp (498MW), Courseulles-sur-Mer (450MW), and Saint Nazaire (480MW), followed by Saint Brieuc (500MW), Yeu and Noirmoutier (496MW), Treport (496MW) and Dunkirk (600MW). However, the development of offshore wind projects is relatively slow, as it is systematically subject to litigation involving local stakeholders.

France is also among the top countries in terms of district heating and cooling capacity, with municipalities pursuing efforts to supply their networks with biomass, geothermal and solar renewable energy.

  • The year in review
  • The policy and regulatory framework
    i. The policy background
    ii The regulatory and consenting framework
  • Renewable energy project development
    i Project finance transaction structures
    ii Power purchase
    iii Non-project finance development
  • Distributed and residential renewable energy
  • Renewable energy supply chains
  • Other key considerations
  • Conclusions and outlook

link to website

Our last publications

Règlement MiCA – Règlement MiCA et réglementation des abus de marché – Etude par Dominique Legeais et Olivier Lyon Lynch, Revue de Droit bancaire et financier n° 5, Septembre-Octobre 2023

Research by Dominique Legeais, Professor at the Université Paris Cité and Director of CEDAG, and Olivier Lyon Lynch, lawyer – partner, Jeantet. The MiCA regulation deals with frequent market abuse. There is a repressive component and a preventive component. Essentially, the provisions are based on the Market Abuse Regulation (MAR). The system has been simplified […]

Paris | BANK-FINANCE-REGULATORY

+

Lamy Business law review – October 2023

The scope of seizures during authorized visits in securities law – Frank MARTIN LAPRADE Differences and similarities between home visits (administrative) and searches (criminal) – Frank MARTIN LAPRADE, Marie ROBIN website link

Paris | CAPITAL MARKETS AND STOCK EXCHANGE LAW | STOCK MARKET LITIGATION | CORPORATE CRIMINAL LAW

+

Interview with Philippe Bouchez El Ghozi on the Finance Law Bill for 2024 that includes a new infraction: the offence of providing instruments to facilitate tax fraud. What does it involve? – Actu-Juridique, 12/10/2023

The Finance Commission is examining the Finance Act for 2024. . Among the measures it proposes are the creation of a new infraction, the offence of procuring instruments to facilitate tax evasion, and the creation of an additional tax penalty of “temporary suspension of the right to benefit from reductions and credits in income tax […]

Paris | WHITE COLLAR CRIME – COMPLIANCE – INTERNAL INVESTIGATIONS

+

La position AMF DOC-2023-07 confirmant les orientations de l’ABE sur l’utilisation de solutions d’entrée en relation d’affaires à distance : une étape de plus vers l’harmonisation des pratiques en matière de LCB-FT, Bulletin Joly Bourse, 29/09/2023

In its position of July 28, 2023, the AMF declares that it is applying all the guidelines issued by the EBA concerning “the use of remote business relationship entry solutions”, published on November 22, 2022 and applicable from October 2, 2023. Here’s what our teams have to say.

Paris | BANK-FINANCE-REGULATORY

+

Imprevision and transfer of shares: constitutionality of Article L. 211-40-1 of the CMF – Option finance, 03/07/2023

Dans sa décision du 26 mai dernier, le Conseil constitutionnel a déclaré conforme à la Constitution l’article L. 211-40-1 du Code monétaire et financier qui prévoit une dérogation au mécanisme d’imprévision de l’article 1195 du Code civil en matière d’opérations sur titres et contrats financiers.  

Paris | CORPORATE – M&A – PRIVATE EQUITY

+

The Breach of a Mediation Clause Can Go Unpunished Under French Law: What to do? – Kluwer Arbitration Blog, 03/07/2023

The French Supreme Court (“Cour de cassation”) has ruled (1st February 2023, No. 21-25.024) that the breach of a mediation clause is not a matter of jurisdiction and as such cannot lead to the annulment of an award in which a tribunal has retained its jurisdiction, even though the mediation process has not been implemented prior […]

Paris | LITIGATION – ARBITRATION – MEDIATION | COMMERCIAL AND INVESTMENT ARBITRATION | MEDIATION

+

Foreign investment control deserves greater transparency – L’Agefi, 08/06/2023 – Quote by Karl Hepp de Sevelinges and Ruben Koslar

Quel que soit le nom employé – autonomie stratégique, souveraineté économique, reconquête industrielle, etc. -, les investissements étrangers en France figurent en bonne place dans le débat. La révision des lignes directrices de leur contrôle pourrait donner l’occasion à Bercy de préciser ses exigences. Explications avec Karl Hepp de Sevelinges, associé et Ruben Koslar, counsel […]

Paris | MERGERS & ACQUISITIONS

+