France’s Green Energy Shift at Risk of Stalling If Le Pen’s Party Wins Elections

-- France’s plans to expand renewable energy and move away from fossil fuels is under threat from Marine Le Pen’s far-right nationalist party, which might win the most seats in legislative elections within weeks and scrap key environment policies.‘I Live in Hell’: Anti-Growth Fervor Grips US South After Pandemic Boom

Investors, already spooked by the broader economic impact of a possible National Rally victory, have been selling off French energy stocks. Power and gas utility Engie SA and renewable developer Voltalia SA have dropped more than most other shares traded in Paris in recent weeks. Speaking at a session with Medef on Thursday, National Rally President Jordan Bardella disputed the €100 billion estimate, saying the party’s as measures will be “spread out” over time, depending on the financial and economic situation.

On nuclear power, National Rally would support the construction of 20 reactors by 2045, Tanguy said, going further than the six to 14 new atomic plants Macron wants state-owned Electricite de France SA to build. The cost of this would be partly offset by savings on power-network investments thanks to the slowdown in new grid connections for renewables, Tanguy said.

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