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Meridiam buys 60% in PV-plus-hydrogen project in French Guiana

CEOG project. Source: Meridiam on Twitter.

September 17 (Renewables Now) - French investment fund Meridiam has acquired a 60% stake in a project combining a 55-MW solar park with 140 MWh of hydrogen-based renewable energy storage in western French Guiana.

The Centrale Electrique de l'Ouest Guyanais (CEOG) scheme by Hydrogène de France (HDF Energy) will also use batteries for secondary storage. The complex in the town of Mana is scheduled for commissioning in the autumn of 2020, HDF Energy said on announcing the transaction last week.

According to HDF Energy, Meridiam’s investment into the scheme will speed up its implementation via financing and development support. Construction of the complex is expected to be launched next summer.

Once up and running, CEOG will be able to supply over 10,000 households in French Guiana. It will be connected to an EDF station in Saint-Laurent-du-Maron and will have a fixed daily output of 10 MW, while at night the production will be 3 MW.

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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.

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