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Technology Stocks : American Superconductor (AMSC)

AMSC 35.70

-2.3%

1:17 PM EST

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From: David C. Burns	9/18/2012 8:17:56 PM
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France Taxing Carbon Emitters in an Effort to Overhaul Consumer Energy Costs The country plans to use more wind power and solar power and lessen its dependance on nuclear energy. The government will also start tenders by the end of the year for two offshore wind parks near Le Treport in the Channel and Noirmoutier island off the Atlantic coast, as well as large- scale solar installations, Ayrault said. This will be accompanied by a streamlining of administrative procedures for development of onshore turbines. EDF and partners including turbine maker Alstom SA won in April a French government tender to build three offshore wind farms, while Iberdrola SA got one. That first round was for almost 2,000 megawatts that will add an estimated 1.1 billion euros to household electricity bills when the wind farms are running, the government has said. France, which doesn’t yet have any offshore wind power, plans to install 6,000 megawatts of offshore wind, tidal and wave power by 2020 to boost clean energy. renewableenergyworld.com

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