France, Germany to coordinate renewable energy development

France and Germany are looking to jointly diversify their energy sources for power generation with an emphasis on renewables while  gradually decreasing dependence on nuclear power.

Leaders from France and Germany are seeking to form an alliance that would encourage renewable energy development and reduce nuclear power usage, Reuters reported. A joint French-German cabinet meeting is expected to take place on Feb. 19 where leaders will determine how to approach renewable energy policy, in addition to employing smart grids and energy storage.

"We have a strong interest in the closest possible cooperation on energy policy whether on a political or corporate level," a spokesman for the German Economy Ministry, which oversees energy, told reporters.

Both nations are looking to diversify their energy sources for power generation and plan to gradually decrease dependence on nuclear power. French President Francois Hollande said the country will lower nuclear power to 50 percent by 2025, down from 75 percent currently. 

The French-German Office for Renewable Energies is expected to head the coordination effort between the two countries.

"We have already established the structure," a government source told Reuters. "Now the ministers need to give it the necessary impetus."

French Environment Minister Philippe Martin said in December that France has started to plan subsidies for renewable energy development, Businessweek reported.

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