Akuo plans France’s largest floating solar plant

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

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.

List of the country updates

Country updates

  • 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...

    Read more
  • 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...

    Read more
  • 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...

    Read more
  • 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...

    Read more
  • 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...

    Read more

Share this update