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 project is a massive hydrogen-based renewable energy storage system that is located in Mana, in French Guiana, France. The facility produces daily electrical output of 10 MW during the day (until the evening) and 3 MW at night over 20 years. With stable and guaranteed power generation, the CEOG plant's service will be equivalent to that provided by diesel or gas-fired power plants, but without the downside of pollution or fuel supply logistics.
Construction is scheduled to begin in the summer of 2019 and the plant should be in operation by the autumn of 2020. CEOG will create around 100 jobs during construction and around 30 permanent, non-relocatable jobs over the 20 years of operation of the plant.
Country updates
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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
Wind portfolio on France achieves refinancing close
The 101 MW wind portfolio in France has achieved refinancing close. The scheme is composed of 9 wind farms. The plants were initially financed individually through non-recourse project finance facilit...
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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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August 13, 2018
Dhamma Energy to install 87.5 MW solar power in northern France
Dhamma Energy has announced that it will build and operate an 87.5 MWp solar power plant in the region of Hauts-de-France, having been awarded 36.5 MWp in France's latest solar tender in Fran...
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August 09, 2018
Quadran allocated 65 MW solar capacity in France
Quadran has announced that is one of the main winners of the CRE4 tender, conducted by the French government's Ministry for the Ecological and Inclusive Transition of France, having been...
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