The Swedish energy group Vattenfall, parent company of the Dutch Nuon, wants to invest almost one billion euros in French hydropower plants.

The company announced this on Saturday. Paris will release its hydropower concessions at the end of 2011. Vattenfall says it sees an important growth market for renewable energy in France and is already active there. In 2010, the Swedish energy group sold 6.0 TWu to French companies and electricity grid companies.

Vattenfall is owned by the Swedish state. Domestic energy production comes almost entirely from hydropower and nuclear power plants. | © 2011 Marcel Burger for ANP News Agency (4 June 2011, previously unpublished)