Green Giraffe advised the Syndicat des Energies Renouvelables (SER), the French renewable industry trade association, on the bankability of a new price regime proposed by the French government for renewable energy sources, following recent guidelines from the European Commission.
The DGEC (French department for Energy and Climate) has been consulting stakeholders, including the SER, and Green Giraffe was mandated in that context to assess both qualitatively and quantitatively the bankability of the proposed remuneration scheme for the main renewable energy technologies, and in particular onshore wind and PV solar.
Our report included a review of the current financing conditions applicable to the French renewable sector, a qualitative assessment of the risks induced by the contemplated scheme and a quantitative evaluation, through financial modelling, of the impacts of the scheme on both the project cost of financing and the ratepayers’ bills. Green Giraffe also proposed potential changes to the new rules that would help maintain or improve the bankability of renewable projects in France.
