FRENCH BANK CREDIT AGRICOLE BUYS STAKES IN 11 WIND FARMS
French bank Credit Agricole said on Friday that its Credit Agricole Transitions & Energies unit had bought stakes of up to 32% in 11 wind farms in France.
France hopes to have 45 gigawatts (GW) of offshore wind in operation by 2050 to achieve carbon neutrality. The country lags others in offshore wind due to complex permit procedures and multiple appeals lodged against projects. Furthermore, the European Union wants more wind power in the region, having struck a deal in July with Deutsche Bank to finance more investments in this sector.
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