Far-right victory poses risks to renewable energy sector

Marine Le Pen’s far-right National Rally party has pledged to end subsidies for renewables and wants to halt expansion of wind power, including pulling down already installed turbines. — Bloomberg

PARIS: The French renewable energy sector is bracing for a sharp slowdown in wind and solar projects if the far-right wins a majority in upcoming elections, just as new legislation was expected to boost the industry in nuclear-dominant France.

President Emmanuel Macron’s shock decision last Sunday to call a snap election could hand political power to Marine Le Pen’s far-right National Rally (RN) party, leaving it in charge of domestic policies including energy.