The jointly owned and controlled company of Ze Energy and Caisse des Dépôts et Consignations, HybridSol, has reached financial close on solar photovoltaic and energy storage hybrid projects in the department of Loir et Cher in France.
Named as Mennetou and Gièvres, the first two hybrid projects developed through the HybridSol holding company in the municipalities of Mennetou-sur-Cher and Gièvres, represent a cumulative installed capacity of 26.6 MWp for photovoltaic equipment and 11.3 MW for batteries.
Watson Farley & Williams (WFW) has advised Ze Energy on the general structuring, from a regulatory standpoint and in relation to the project contracts. Separately, WFW also advised Bpifrance, La Banque Postale, and Crédit Coopératif as lenders on the EUR16 million debt financing, out of a total investment of EUR23.4 million, granted to the projects.
The projects are expected to be scheduled for commissioning by the second quarter of 2022.
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