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Axpo subsidiary to build 37 new solar plants in France

Axpo subsidiary to build 37 new solar plants in France

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The plants will be mostly built in southern France and have a combined installed capacity of 143 megawatts, which is enough to cover the annual power consumption of 65,000 households

LONDON: Swiss utility Axpo Holding AG said on Friday its subsidiary Urbasolar would build 37 new solar plants in France.

The plants will be mostly built in southern France and have a combined installed capacity of 143 megawatts, which is enough to cover the annual power consumption of 65,000 households.

The cost of 124 million euros ($144 million) will be financed by French bank Credit Agricole, its subsidiary Unifergie which specialises in renewable energy projects, and various regional banks, Axpo said in a statement.

The first plants have already been completed and connected to the grid recently, the firm added.

Source: reuters
Anand Gupta Editor - EQ Int'l Media Network