L R AS Published on Monday 14 September 2020 - n° 331 - Categories:funding
The Banque des Territoires and Bpifrance launch a €40bn Climate Plan
The Banque des Territoires and Bpifrance are launching a €40bn Climate Plan for the period 2020-2024.
This Climate Plan is based on three pillars :
- Support for the development of renewable energies (ENR)and contribution to the growth of international champions,
- Accelerating the transition of companies and territories with financial and support solutions,
- Massive funding and support for innovation in "greentechs" and in sustainable and resilient networks to find EEO technological solutions.
This plan complements that of Caisse des Dépôts.
The Climate plan provides operational financing and support solutions for local authorities and companies.
Objective Double the funding dedicated to renewable energies and contribute to the emergence of French champions. 14.5 billion will be deployed for the growth of renewable energies (RE) with a target of 8.8 GW of installed capacity in France and for export. Support will be provided for innovation in this field. The Banque des Territoires will invest €900m in the production of renewable energy over 5 years, including €40m for the production of green hydrogen in the territories.
BPI France will promote the growth of companies in the sector by pre-financing projects and co-financing investment programmes for a total of €12.7 billion. The investment fund (Fonds France Investissement Energie Environnement - FIEE) dedicated to ENR developers will contribute €150m. They will be able to apply for export credits to finance their internationalisation out of a total of €275m between now and 2024.
Tecsol of the 9th September
Editor's note It is clear that financial efforts are being made to increase renewable energies in France. Should they be compared to solar connections (in particular) which are failing to multiply despite the increases in the allocation of calls for tender? Should we believe in this new initiative? Will there be a before and after?
