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France Renewables Report Q2 2014

BMI View: We are maintaining our short- and long-term forecasts for the non-hydropower renewable
energy sector in France this quarter as our assumptions remain relevant. We highlight that the
government's position on nuclear energy continues to be relatively ambiguous, and we have seen signs that
President François Hollande might backtrack on his promise to reduce the share of nuclear energy to 50%
by 2025. This has been our core view from the start, and the possible decommissioning of reactors poses an
upside risk to our long-term forecasts.
We are maintaining our 2014 forecasts for non-hydropower renewable energy generation in France at 4.8%
this quarter, as our assumptions remain relevant. In particular, the 2014 outlook for the French economy
remains poor, and President François Hollande has yet to effect any real changes to the country's energy
policy.
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France Renewables Report Q2 2014
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