France

The French energy giant has acquired 100% of its renewable energy subsidiary Compagnie du Vent. The unit has installed over 500 MW of PV capacity to date.

The French Government this week unveiled a new renewable energy plan for French Guiana. The program includes development of distributed generation, self-consumption and storage solutions, and a 35% increase of FITs for grid-connected installations. Around 40 MW of additional PV capacity is expected to be installed in the region.

The French solar developer, which is owned by France-based investment companies Infravia and Eurazeo, aims at installing over 80 MW of new PV plants annually over the next three years.

The French Energy Regulatory Authority has published the tender for the installation of renewable energy and PV projects for self-consumption ranging in size from 100 kW to 500 kW. Through the tender the French government aims to allocate 450 MW of renewable energy capacity over the next three years.

The European Investment Bank and Eiffel Investment Group have launched a fund devoted to investments in the green economy in France and Europe. The fund will provide bridge financing for, among others, projects in the solar and storage sectors.

The French environmental services provider has secured a 4-year contract from PV cycle for the treatment of end-of-life photovoltaic modules.

The French Development Agency (AFD) has provided South Africa’s power utility Eskom with a ZAR 6 billion ($477.7 million) credit facility. Eskom, which has delayed the development of several large-scale PV projects over the past years due to grid issues, will use the funds to improve its network and integrate more renewable energy power.

The US module manufacturer will supply 130 MW of modules for 25 projects selected in France’s recent tender for PV projects larger in size than 250 kW. Most of the modules will be manufactured at the company’s factory in Toulouse, south-western France.

The French energy giant has issued its second green bond to sustain its expansion into the renewable energy sector. The €1.5 billion bond will also be used to finance solar projects. Meanwhile, the company has started to target the Belgian commercial PV market.

The French energy giant keeps expanding into the renewable energy business. Its France-based unit EDF Energies Nouvelles will build PV plants totaling 23.7 MW, while its US division EDF EN has created a new subsidiary for distributed solar and storage projects up to 30 MW.