Market insightsFrance is expanding. klimaVest is present 

France: Lots of sun, lots of wind and a clear course to 2035  

France is one of Europe’s largest electricity producers and is continuing to drive forward the decarbonisation of its electricity mix. In 2025, the French transmission system operator RTE estimated that 95.2% of electricity generation came from low-carbon sources such as nuclear power and renewable energies³ - an all-time high. Solar energy grew particularly strongly: In 2025, around 5.9 gigawatts were added in France; the installed photovoltaic output was around 30.4 gigawatts at the end of the year.³

France has strong wind resources in the north-west, particularly in Normandy and Brittany, and good conditions for solar energy in the south and Champagne. As a result, wind and solar complement each other structurally in the country.  

The PPE3: What the new energy roadmap specifies specifically 

PPE3 outlines the expansion of renewable energies in France by 2035. The first tenders under PPE3 started on 2 April 2026: for a total of 10 gigawatts of offshore wind, 800 megawatts of onshore wind and 925 megawatts of peak solar.⁴ In onshore wind power, the strategy focuses more on repowering, i.e. modernising existing plants at already approved sites, than on new construction.¹

klimaVest in France: From Tout Vent to Amance 

In 2021, klimaVest opened up the French electricity market with the Tout Vent wind farm in the Nouvelle Aquitaine region. Today klimaVest has 9 wind farms and 2 solar power plants in France, from the windy northwest to the sunny south.²

Eight of the nine wind farms come from the Valeco portfolio, a joint venture of the EnBW Group in which klimaVest holds 49 percent.² Valeco is an established French project developer and operator who knows the local market, its approval procedures and grid conditions.

In March 2025, the Amance solar park in the Aube department was added: a 47 MWp plant near Troyes, built and operated by BayWa r.e. France. It was scheduled to go online in September 2025.² Amance is thus the youngest French asset in the klimaVest portfolio and the first with a combination model of state feed-in tariff and long-term power purchase agreement (PPA).²

The PPE3 sets the framework for renewable energy investments in France by 2035. ¹ klimaVest is represented in this market with 11 systems.²

France in context: Part of a growing European portfolio 

France is a central component of the European diversification strategy for klimaVest. klimaVest currently includes 43 assets in 6 countries: in addition to France, Germany, Finland, Spain, Ireland and Sweden. ²

With a country share of 9.4 percent, France is the fourth largest market in the portfolio, behind Germany, Finland and Spain but before Spain, Ireland and Sweden. The fact that this share has fallen compared to previous values is not due to a withdrawal from France, but to the growth of the overall portfolio: Spain and Sweden are catching up with new project developments.

The expansion objectives of PPE3 are far-reaching: Offshore wind is expected to grow to 10 GW by 2035, the first 10 GW have already been tendered. ⁴Existing onshore sites can be modernised through repowering - an approach that klimaVest is actively pursuing.⁵ France is thus setting the course for the next decade.