The European Investment Bank (EIB), with the support of the European Commission, has granted a EUR25 million (US$28.9 million) loan to CEOG S.A.S, a special purpose vehicle dedicated to the project owned by Meridiam EI (60%), Société Anonyme de Raffinerie des Antilles (SARA) (30%) and Hydrogène de France (HDF Energy) (10%).
Located in the municipality of Mana, around 13 km from Saint Laurent du Maroni in the northeast of French Guiana, the project includes the construction and operation of a photovoltaic plant with an installed capacity of 54.5 MW. The plant will be integrated with a 88 MW hydrogen storage facility in gaseous form, a 38 MWh battery energy storage system (BESS), and a fuel cell with a capacity of 3 MW. This power plant will produce electricity for the equivalent of 10,000 homes in Western French Guiana annually.
