Electricite de France SA Chief Executive Officer Luc Remont urged French policymakers to review subsidies for solar power, saying the measures add too much generation to the grid and undermine the nuclear giant’s finances as electricity demand remains subdued. The comments will fuel controversy among nuclear and renewable opponents as EDF seeks financial backing from the government for the construction of six new atomic plants, which may cost €67.4 billion. However, the lack of a clear parliamentary majority that emerged … read more »
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