France

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.

The French energy giant is offering to acquire Innogy, the renewable energy unit of German power provider RWE. Innogy acquired German developer Belectric and its huge solar power plant portfolio in January.

The French government announced that 79 ground-mounted PV projects with a combined capacity of 534.5 MW were selected through the latest bidding round for large-scale solar. Average price for the sale of power from these projects came in at €62.5 ($65.9) per MWh.

France’s Parliament has given final passage to a law that regulates the installation of renewable energy systems for self-consumption. The new legislation will provide a clear regulatory framework for the grid-connection of these installations.

French cumulative PV capacity has surpassed 7 GW. In 2016, however, the market registered a 62% decrease in new installations, with the figure coming in at 559 MW. PV plants over 250 kW covered almost two thirds of the new capacity installed last year.

SunPower has announced that it will supply 64.4 MW of its high efficiency E-Series solar panels to seven PV power plants in France. Meanwhile, First Solar has announced that it will supply 106.5 MW of its thin film modules to power 14 power plants under the third round of procurement initiated by France’s Energy Regulatory Commission.

Two new programs supporting both residential and largers scale solar will enable France to develop around 2.6 GW of new projects, pushing the country to reach its EU set target of producing 23% of its energy from renewable sources.