From POLITICO · · 1m
Engie boss warns against scrapping green energy deals
Catherine MacGregor says breaking renewable contracts would scare off investors and damage France's energy future.
In brief
Catherine MacGregor says breaking renewable contracts would scare off investors and damage France's energy future. Engie CEO Catherine MacGregor warned that France's proposed cancellation of renewable energy contracts risks deterring future investment in green projects. Originally reported by POLITICO.
Engie CEO warns on contract cancellations
Catherine MacGregor, CEO of French energy giant Engie, said governments must not abandon renewable energy contracts if they want to attract investors. Without trust, she said, investment cannot happen.
“Without trust, we cannot invest”
France proposes scrapping green subsidies
French Prime Minister Sébastien Lecornu proposed backtracking on renewable energy contracts in the 2027 budget proposal, arguing that subsidies for green energy projects, particularly solar panels, were a major financial burden.
Stability attracts long-term investment
MacGregor argued that Europe's slow-moving approach to policy gives investors the stability they need to plan ahead. Renewable projects done at scale can compete on cost, especially with gas prices high.
“A contract is a contract”
The headline
Engie CEO Catherine MacGregor warned that France's proposed cancellation of renewable energy contracts risks deterring future investment in green projects.
