Swedish energy giant, Vattenfall AB, has stepped up its plan to win a significant share of the forthcoming hydropower concessions in France by teaming up with three partners.
Vattenfall will now head an alliance including ArcelorMittal (Luxembourg), Rhodia (Courbevoie, France) and SNCF (Paris, France) to win up to 2000 MW of hydropower projects when the French government releases 10 hydropower tenders covering about 5300 MW, starting this year. The new consortium will be known as Force Hydro.
The tender process will see 10 tenders located in the Alps, Pyrenees and Massif Central regions, up for grabs in a move that will allow more foreign companies to compete in the French hydropower sector.
Vattenfall is the third largest European hydropower producer with 11,320 MW of installed capacity in Sweden, Germany and Finland.
France currently has 23500 MW of hydropower, with more than 80% of that controlled by state-owned EDF. The rest is controlled by GDF Suez SA.
For more renewables news