France Adopts Law to Ease EDF Grip on Hydropower Market, Spur Investment on New Generation Capacity (opens original article in a new tab)

France passes law to reduce EDF's hydropower market dominance, requiring annual auctions and aiming to attract investment for renewable energy expansion.

• French Parliament adopts law to loosen EDF's control over hydropower market
• EDF to auction 6 gigawatts of hydropower capacity annually under energy regulator supervision
• New legislation aims to end EU dispute and attract investment for renewable energy expansion
• EDF plans €4.5 billion investment in new hydropower capacity with pumped-storage facilities