France has made reshoring of industrial activities a national priority for the decade to come. As decarbonisation increasingly becomes a key success factor for future-proof industries, France hopes to benefit from its long history of cheap, low-carbon nuclear power.
At first glance, it may seem favourably positioned in the race to industry electrification. But last year’s power prices have reminded us that the French power system is not immune to risks. If the economy’s power consumption rapidly expands, as anticipated by RTE, the relative lack of system margins may lead to a rapid increase in electricity sourcing costs, which would be fatal to competitiveness.
Want to know what the implications of an increase in demand from reindustrialisation could look like? In this session, available to watch on demand, we look at different scenarios of renewables build-out by 2035 and summarise the implications for energy consumers, renewable project developers and investors.
If you have any questions, please get in touch with Humberto Medrano.