Andorra and France develop joint investment projects in the field of renewable energy sources

Andorra and France develop joint investment projects in the field of renewable energy sources

foto: feda

Jean-Bernard Lévy, President of the French energy company EDF, met in Andorra with Sílvia Calvó, Minister of Environment, Agriculture and Sustainable Development of the Principality, who is also President of the Andorran Energy Company FEDA.

The parties considered new opportunities for cooperation in the framework of the formation of a new model of sustainable energy. The FEDA has indicated its willingness to opt for renewable energy in the short term, and the EDF has offered its support for integrating renewable energy and maximizing its productivity.

FEDA and EDF have been working closely in various fields for over 30 years. Last February, the parties signed a framework agreement to support Andorra with EDF energy in the fight against climate change.

Andorra pledged to increase national electricity production by 2030 to 33% of demand, mainly through renewable sources. FEDA intends to invest in new renewable energy infrastructures in the short term, and is working to create a roadmap that will set the country’s priorities in this regard.

Currently, the Engolasters hydroelectric power station supplies about 82% of the country’s electricity.

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