New UK-France partnership to bring 'more energy security and independence'
-
15 March 2023
-
-
Department for Energy Security and Net Zero and The Rt Hon Grant Shapps MP
A new partnership between
the UK and French governments has been signed today (10 March), which will
help both nations make the move towards greater energy security by moving
away from fossil fuels and towards renewables and nuclear power.
Under
a new deal signed today by Energy Security Secretary Grant Shapps and France’s
Energy Minister, Agnes Pannier Runacher, the UK and France commit to further
cooperation on civil nuclear, to capitalise on both countries ambitions
to significantly grow their sectors.
Already,
the UK and France have a decades-old partnership on nuclear power. French
company EDF are leading the development of Hinkley Point C in Somerset,
and following an historic £700 million investment announced by Grant Shapps
last November, the UK government is a co-shareholder in the proposed Sizewell
C project in Suffolk with EDF. This investment represented the first state-backing
of a nuclear project in Britain in over 30 years.
The
statement also commits France and the UK to work together, along with other
G7 leaders, to take concerted action to cut reliance on civil nuclear and
related goods from Russia, including working to diversify their supplies
of uranium and nuclear fuel production capability.
The
UK currently has 3 interconnectors with a capacity for 4 GW of electricity
interconnection with its French partners. Today’s agreement could also
have the potential to support an increase in electricity interconnection
with France by up to 2 thirds, subject to regulatory approval. Increased
interconnection will support the UK’s ambition to have at least 18 GW
of interconnection capacity by 2030.
Mr
Shapps hopes the agreement will help lower energy bills for consumers,
and boost the availability of clean renewable energy between both countries.
It will also see both work to tackle barriers to deploying fast-developing
low-carbon technologies, including hydrogen and carbon capture and storage
(CCUS), helping create tens of thousands of jobs in the UK.
Energy
Security and Net Zero Secretary Grant Shapps said:
-
"Successful economies need plentiful and reliable energy. Putin’s
barbaric invasion of Ukraine has demonstrated that energy security can
only be achieved by working with our international friends.
-
"We are already partnering with France through these energy interconnectors,
but we share the ambition to go much further.
-
"Today’s agreement could lead to two thirds boost in our interconnected
power bringing more energy security and independence to the United Kingdom
and France."
The
UK has an ambition of up to 10GW of low-carbon hydrogen production capacity
by 2030, which could support over 12,000 jobs and unlock over £9 billion
in private investment by 2030. Today’s partnership supports this, as France
looks to deploy low-carbon hydrogen for their own power system.
France
and the UK have also recognised the potential of working together on CCUS.
The UK’s North Sea has the potential to store 78 billion tonnes of CO2
on the UK continental shelf, which could be turned into a multi-billion-pound
industry, supporting up to 50,000 jobs in 2030.