French renewable energy sector says far-right victory risks trouble for industry
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 12 2024
0mins
Should l Buy ?
Source: reuters
- French Renewable Energy Sector: Faces potential slowdown in wind and solar projects if far-right party wins upcoming elections, impacting industry growth.
- Political Impact on Energy Policies: Possibility of Marine Le Pen's National Rally party taking power leading to the end of renewable subsidies and focus on nuclear, hydropower, and hydrogen investments.
- Economic Consequences: Shares in Engie, France's largest wind farm operator, dropped 6.1% post-election announcement, affecting market value.
- Renewable Energy Targets: France lags behind European Commission targets for renewable energy capacity, with plans to double solar installations and expand wind farms now delayed due to elections.
- Energy Demand Concerns: Slower renewables rollout could affect France's ability to meet energy demand before new nuclear reactors are built, impacting the country's energy system and competitiveness.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy ?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
