Berlin-based Q Energy has secured €50.4 million for a 74.3 MW floating solar power plant. The project would be the largest of its kind in Europe.
The financing was arranged by Crédit Agricole Transitions & Energies, through its financing arm Unifergie, and Bpifrance.
Construction of the floating solar panel, which covers 127 hectares of former gravel pits at a quarry in the Haute-Marne department, in northeastern France, is already underway. In September 2023, Q Energy said it would take 18 months to complete the project.
During the work, 134,649 solar panels will be mounted on floats. Once completed, the array will provide electricity to the equivalent of 37,000 residents. Pre-commissioning is planned for the first quarter of 2025.
“We are very grateful for the great trust and commitment of our financing partners in this project,” said Ludovic Ferrer, commercial director of Q Energy France. “Together we are taking one of the most innovative clean energy generation technologies to a new level and further boosting renewable energy in France.”
Q Energy claims to have a portfolio of 2.3 GW of completed renewable energy assets and a development pipeline of more than 15 GW.
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