Akuo Energy plans to develop a 17 MW floating PV power plant near Piolenc in the Vaucluse department of the Provence-Alpes-Côte d’Azur region of southern France.
Once completed, the O’MEGA 1 project will be the France and Europe's largest floating PV facility. It will use the Hydrelio technology of French floating PV specialist Ciel&Terre.
Through crowdfunding, the project which will be part-financed and to ensure an additional public financial incentive, is being developed under the framework of France’s tender scheme for large-scale solar.
Investment bank Natixis’ renewable energy financing subsidiary, Natixis Energeco, has agreed to part-finance the project with around €12 million ($14m).
Around 1 GW renewable asset portfolio Akuo has own. In the solar business, it has around 239 MW of projects in operation, under construction or with financing. Most of its projects are in France, although its largest PV facility is the 50 MW Kita plant in Mali.
Country updates
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September 18, 2018
2 MW offshore wind project in western France starts first electricity production
The connection of the electricity export cable and a final series of tests carried out in recent days enabled the Floatgen wind turbine, which is installed 22 km off Le Croisic (Loire-Atlantique), to...
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September 17, 2018
Engie completes acquisition of LANGA and its renewable energy assets
The shareholders of LANGA has completed the sale to ENGIE Green France. The LANGA group is present in solar, wind, biogas and biomass. LANGA is involved in the entire value chain of its projects, fro...
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September 12, 2018
Meridiam invests in hydrogen-based renewable energy storage in French Guiana
Meridiam will be acquiring 60% interest in the Centrale Électrique de l'Ouest Guyanais (CEOG) project alongside HDF Energy to finance and develop the facility. The CEOG...
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August 29, 2018
Prysmian secures two offshore wind farms in France
Prysmian Group, world leader in the energy and telecom cable systems industry, have secured three important projects to provide new cable connections for offshore wind farms in France. Eolien Maritim...
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August 27, 2018
Solair Corsica reaches refinancing close
Astris Finance has advised Engie Solar and Caisse des Dépôts in connection with the refinancing of the 13.1 MWp Solaire Corsica solar portfolio located in Corsica, France, originally deve...
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