Neoen wins 45 MW of solar projects in French auction

Neoen's Cestas solar park. Photo by: Neoen (www.neoen.com).

March 6 (Renewables Now) - French renewable energy projects developer Neoen has secured 45 MW of projects in France’s latest auction for solar ground-mounted photovoltaic (PV) capacity, called CRE 4.5.

The specific capacity will be split between five projects that will be located in the Tarn-et-Garonne, Moselle, Meurthe-et-Moselle, Allier and Landes departements. Two of the PV plants will be built on downgraded land areas.

Neoen said it has already obtained non-recourse project financing “on particularly attractive terms” to back the schemes, three of which will also benefit from local crowdfunding campaigns. It intends to launch construction on three of the five projects this year.

The awards further strengthen Neoen’s position on the Frensh solar market and are an indication to its desire to make the country a major market for its development, said chairman and CEO Xavier Barbaro. “Neoen will continue to pursue the development of new projects in France with the same enthusiasm and rigour over the coming years,” he added.

At present, the French firm has over 2 GW of operational of under-construction assets globally and an additional 1 GW of awarded and secured projects. Its goal is to reach 5 GW of capacity in operation and under-construction by 2021.

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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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