Mirova, BPCE to fund 50 MWp of rooftop solar additions in France

September 26 (Renewables Now) - French independent power producer Girasole Energies has clinched a deal to obtain debt to support the construction of 50 MWp of rooftop solar parks in its home country.

The company said recently that a total of EUR 77 million (USD 82.2m) in senior debt will be provided by a syndicate of three lenders within the BPCE group and French asset manager Mirova. The affiliate of Natixis Investment Managers is a shareholder in the solar power producer.

Girasole Energies will allocate the fresh proceeds to build 175 photovoltaic (PV) plants atop agricultural buildings, existing rooftop areas and parking lot shades across France. The capacity will be commissioned by the end of next year’s first half, with its future output planned to be sold under secure sales contracts with 20-year terms.

The projects will be realised in line with Girasole Energies goal to have 500 MWp of solar assets in operation in 2028. Next year, the company envisages powering up 75 MWp of plants, followed by another 100 MWp per year by 2028.

(EUR 1.0 = USD 1.068)