The European Union has allocated $55.1 million (€51 million) to support the development of two tidal energy farms in France, marking a significant step in renewable energy. The funding, provided through the EU Innovation Fund, has been awarded to HydroQuest, a French tidal energy company, and Normandie Hydroliennes, a tidal energy developer.
HydroQuest, in partnership with renewable energy firm Qair, will use the funding to establish the 17.5-MW FloWatt tidal farm, expected to launch in 2026. Normandie Hydroliennes will develop a 12-MW NH1 tidal farm featuring four turbines, slated for completion in 2028. This initiative is part of a larger effort by the European Commission to support 85 net-zero projects across 18 countries, granting €4.8 billion ($5.19 billion) in the Innovation Fund’s largest round of funding since its inception.
Continue reading… “EU Awards $55.1 Million to Boost Tidal Energy with New Projects in France”
