“There must be coordination, cooperation, and harmonisation for renewable energy,” Hollande said when asked to react to statements by Gérard Mestrallet, the CEO of GDF Suez who has complained about overcapacity in the renewable energy sector.
The European Union, Hollande explained, needs to “encourage the best renewable energies and refrain from changing the rules along the way, like was unfortunately the case in France in recent years”.
European Union countries should consider dropping their national support schemes for renewable energies in favour of a harmonised EU approach that would send a clearer signal to investors, French President François Hollande said at the conclusion of an EU summit yesterday (22 May).