FRANCE'S HOLLANDE TO UNITE WITH GERMANY FOR ‘ENERGY TRANSITION’

Franco-German energy firm seen focused on renewables: sources

Geert De Clercq, Julien Ponthus, Andreas Rinke, Christoph Steitz, Will Waterman, January 14, 2014 (Reuters)

“A French-German joint initiative in the energy sector announced by President Francois Hollande is likely to focus on renewable energy but is not aimed at forging alliances between major utilities firms…Hollande surprised markets…with a reference to the creation of a Franco-German joint venture energy company modeled on European aviation group Airbus…"The idea is to make a big French-German company for the energy transition"…[Concrete] proposals will come] at joint French-German cabinet meeting scheduled for a February 19…Germany has decided to phase out nuclear energy, while Hollande has pledged to reduce France's reliance on nuclear power in its power mix from the current 75 percent to 50 percent by 2020…” click here for more

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