Joint venture acquires two of Belectric’s French solar projects

Belectric France has developed the solar plants with a combined size of around 15MWp. In March 2017 the projects were awarded a feed-in remuneration by the French government (bidding round „AO CRE4“). At the beginning of this year Belectric will start as EPC (Engineering-Procurement-Construction) contractor the construction works on behalf of the new owners. Commissioning is anticipated in Mid-2018.

“JPee is extremely proud of this agreement, we enjoyed a highly fruitful collaboration with a serious partner like Belectric. The cooperation worked out really well. Our installed solar PV capacity is now around 72MWp. With these power plants, we will supply around 4,000 additional homes, totalling about 20,000 homes, or 65,000 people, for our entire solar portfolio”, notes Xavier Nass, Directeur Général at JPee.

“We are very pleased with the signing of this agreement, which constitutes a first achievement for Caisse des Dépôts with Belectric, a worldwide reference in the PV sector”, explains Emmanuel Legrand, Director of the Energy Transition Department at Caisse des Dépôts. “Those two PV projects strengthen our existing partnership with JPee, aiming at supporting the development of JPee as an independent power producer”.

“We’re delighted that we could place our successful projects from the solar tender in spring 2017 with a renowned French IPP”, explains Ingo Alphéus, CEO of Belectric Solar & Battery GmbH. “Having built some 320MWp since 2008 we had to scale down our activities as a consequence of the change in the feed-in tariff system in 2010. Now, with this development, we’re back and online for growth again in the French EPC market.”

The PV plant ‘St. Eusebe’ will be built near to the eponymous town in the region Burgundy Franche Comté. After completion, the plant will have an installed capacity of over 10MWp and will produce over 12,000MWh of green electricity per year. The second plant with an installed capacity of around 5MWp will be erected in the city St. Jean de Cole in the Nouvelle Aquitaine region. This plant will produce more than 6,000MWh of environmentally friendly electricity per year.