EDF Renewables seeks crowdfunding money for 13 MWp of new solar

Solar panels. Image by: EDF Renewables (www.edf-re.com).

January 8 (Renewables Now) - EDF Renewables, the green energy unit of French utility EDF SA (EPA:EDF), is seeking to raise EUR 400,000 (USD 445,400) from crowdfunding to finance the construction of 13 MWp of solar projects in France.

The company said on Tuesday it is launching two separate campaigns, open until March 8, 2020, through digital investment platform WiSEED. Their goal will be to back the installation of the 9-MWp Ambes and 4-MWp Artix photovoltaic (PV) parks. Each campaign is targeting proceeds of EUR 200,000.

EDF estimates that the two projects offer a 5.5% annual return over a period of four years. The Ambes PV park will be built at the site of a former thermal power station in Gironde. Its 25,500 PV panels will produce enough power to supply almost 5,000 local residents.

The second project, Artix, will be located in Pyrenees-Atlantiques, and will be equipped with more than 11,000 solar panels.

Construction works on the two schemes are slated to begin in a few weeks, with commissioning planned for June 2020.

The fundraising is reserved for residents of the Gironde and Pyrenees-Atlantiques departments, as well as for those in the neighbouring departments of Charente-Maritime, Dordogne, Gers, Landes, Lot-et-Garonne and Hautes Pyrenes.

(EUR 1.0 = USD 1.113)

More stories to explore
Share this story
About the author
Browse all articles from Veselina Petrova

Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription